News
Cardano Is Losing Steam While Crypto Rivals Hit the Gas
<p data-start="476" data-end="651">Once hailed for its academic rigor and cautious innovation, Cardano now faces a sobering reality: the crypto space is sprinting ahead, and ADA might be stuck jogging in place.</p>
<p data-start="653" data-end="903">The blockchain, once seen as a serious Ethereum contender, is watching the crowd pull away. Capital is shifting. Developers are leaving. The buzz is fading. It’s not just about speed anymore — it’s about momentum. And Cardano seems to be losing both.</p>
<h2 data-start="905" data-end="949">Developer Exodus Speaks Louder Than Words</h2>
<p data-start="951" data-end="1054">Cardano&#8217;s methodical approach once earned it respect. But now? It’s starting to look like a liability.</p>
<p data-start="1056" data-end="1256">Developers are no longer content waiting for slow-moving roadmaps. They want action. They want progress they can see and contribute to. Ethereum and Solana, despite their issues, offer that in spades.</p>
<p data-start="1258" data-end="1403">Cardano had just 175 active developers contributing updates last week, according to Cryptometheus. That’s a sharp 33% drop from three months ago.</p>
<p data-start="1417" data-end="1462">Compare that to Solana’s 499 — nearly triple.</p>
<p data-start="1464" data-end="1620">And that trend hurts. Because blockchains are only as strong as the people building on them. If developers are the heart, then Cardano&#8217;s pulse is weakening.</p>
<p data-start="1464" data-end="1620"><a href="https://www.theibulletin.com/wp-content/uploads/2025/06/cardano-cryptocurrency-logo-blockchain-token.jpg"><img class="aligncenter size-full wp-image-57629" src="https://www.theibulletin.com/wp-content/uploads/2025/06/cardano-cryptocurrency-logo-blockchain-token.jpg" alt="cardano cryptocurrency logo blockchain token" width="1167" height="810" /></a></p>
<h2 data-start="1622" data-end="1671">Money Talks — And It’s Saying “Bye” to Cardano</h2>
<p data-start="1673" data-end="1729">When capital moves, it doesn’t just whisper — it shouts.</p>
<p data-start="1731" data-end="1981">And right now, the money is flowing toward chains that are doing more, faster. Solana, again, is miles ahead. In January, its total value locked (TVL) stood close to $12 billion. Today? $8.6 billion. Still massively ahead of Cardano’s $331.6 million.</p>
<p data-start="1983" data-end="2026">That’s not a typo. It’s over 25 times more.</p>
<p data-start="2028" data-end="2221">Even worse? Cardano’s TVL was over $680 million in December 2024. It&#8217;s been chopped in half in six months. That’s a sign of confidence unraveling. Real users, real investors — they’re leaving.</p>
<p data-start="2223" data-end="2363">Meanwhile, Fidelity — yes, that Fidelity — filed to list a Solana ETF. Bloomberg analysts say there’s a 90% chance it gets approved in 2025.</p>
<p data-start="2365" data-end="2415">Cardano? No ETF filings. No whispers. No interest.</p>
<h2 data-start="2417" data-end="2461">Excitement Is the Real Currency in Crypto</h2>
<p data-start="2463" data-end="2523">Forget price for a second. In crypto, attention is currency.</p>
<p data-start="2525" data-end="2682">And Cardano isn’t getting much of it these days. Just look around. Social media buzz is flat. NFT activity is minimal. High-profile partnerships? Barely any.</p>
<p data-start="2684" data-end="2854">Now compare that to Solana’s lightning-fast meme coin season, or Ethereum’s Layer-2 expansion madness. These ecosystems are alive, reactive, chaotic — and people love it.</p>
<p data-start="2856" data-end="2958">Crypto doesn’t reward slow and steady. It rewards bold and loud. And right now, Cardano is&#8230; neither.</p>
<p data-start="2960" data-end="3134">Even Cardano’s price, which is often sluggish, reflects the sentiment. ADA is stuck around $0.66, way below its highs, while others are finding new narratives and fresh legs.</p>
<h2 data-start="3136" data-end="3175">How Cardano Stacks Up — A Quick Look</h2>
<p data-start="3177" data-end="3261">To understand the gap in performance, here&#8217;s a side-by-side snapshot of key metrics:</p>
<div class="_tableContainer_16hzy_1">
<div class="_tableWrapper_16hzy_14 group flex w-fit flex-col-reverse" tabindex="-1">
<table class="w-fit min-w-(--thread-content-width)" data-start="3263" data-end="3679">
<thead data-start="3263" data-end="3321">
<tr data-start="3263" data-end="3321">
<th data-start="3263" data-end="3289" data-col-size="sm">Metric</th>
<th data-start="3289" data-end="3305" data-col-size="sm">Cardano (ADA)</th>
<th data-start="3305" data-end="3321" data-col-size="sm">Solana (SOL)</th>
</tr>
</thead>
<tbody data-start="3381" data-end="3679">
<tr data-start="3381" data-end="3439">
<td data-start="3381" data-end="3406" data-col-size="sm">Active Developers</td>
<td data-start="3406" data-end="3422" data-col-size="sm">175</td>
<td data-start="3422" data-end="3439" data-col-size="sm">499</td>
</tr>
<tr data-start="3440" data-end="3498">
<td data-start="3440" data-end="3465" data-col-size="sm">Total Value Locked</td>
<td data-start="3465" data-end="3481" data-col-size="sm">$331.6M</td>
<td data-start="3481" data-end="3498" data-col-size="sm">$8.6B</td>
</tr>
<tr data-start="3499" data-end="3561">
<td data-start="3499" data-end="3524" data-col-size="sm">ETF Filing Status</td>
<td data-start="3524" data-end="3540" data-col-size="sm">None</td>
<td data-start="3540" data-end="3561" data-col-size="sm">Filed by Fidelity</td>
</tr>
<tr data-start="3562" data-end="3620">
<td data-start="3562" data-end="3587" data-col-size="sm">52-Week Price Range</td>
<td data-start="3587" data-end="3603" data-col-size="sm">$0.28–$1.31</td>
<td data-start="3603" data-end="3620" data-col-size="sm">$8.00–$210.92</td>
</tr>
<tr data-start="3621" data-end="3679">
<td data-start="3621" data-end="3646" data-col-size="sm">TVL (Dec 2024)</td>
<td data-start="3646" data-end="3662" data-col-size="sm">$680.8M</td>
<td data-start="3662" data-end="3679" data-col-size="sm">$12B</td>
</tr>
</tbody>
</table>
<div class="sticky end-(--thread-content-margin) h-0 self-end select-none">
<div></div>
<div class="absolute end-0 flex items-end">These numbers don’t lie. They tell a story of one project losing steam, and another finding its second wind.</div>
</div>
</div>
</div>
<h2 data-start="3791" data-end="3827">What’s Behind Cardano’s Slowdown?</h2>
<p data-start="3829" data-end="3935">It&#8217;s not that the tech is broken. In fact, some experts still praise Cardano for its theoretical strength.</p>
<p data-start="3937" data-end="3969">But theory doesn’t move markets.</p>
<p data-start="3971" data-end="4068">The slow pace of upgrades. The lack of flashy dApps. The absence of hype. It’s all taking a toll.</p>
<p data-start="4070" data-end="4107">Here’s what insiders are pointing to:</p>
<ul data-start="4108" data-end="4332">
<li data-start="4108" data-end="4191">
<p data-start="4110" data-end="4191">Long delays in rolling out major features like Hydra (Cardano’s scaling solution)</p>
</li>
<li data-start="4192" data-end="4247">
<p data-start="4194" data-end="4247">Few high-traffic apps actually built or used on-chain</p>
</li>
<li data-start="4248" data-end="4332">
<p data-start="4250" data-end="4332">Perception of being a “research project” rather than a living, breathing ecosystem</p>
</li>
</ul>
<p data-start="4334" data-end="4364">And perception matters. A lot.</p>
<h2 data-start="4366" data-end="4396">Can Cardano Turn It Around?</h2>
<p data-start="4398" data-end="4454">That’s the big question. And honestly? It’s hard to say.</p>
<p data-start="4456" data-end="4630">Charles Hoskinson, the project&#8217;s co-founder, remains defiant and optimistic. Cardano still has a loyal fan base. It still boasts a clean design and a unique governance model.</p>
<p data-start="4632" data-end="4748">But crypto is a momentum game. Being right isn&#8217;t enough — you have to be fast, exciting, and everywhere all at once.</p>
<p data-start="4750" data-end="4911">Unless the Cardano Foundation finds a way to inject urgency, unlock major use cases, or attract killer apps, it might continue its slow drift toward irrelevance.</p>
<p data-start="4913" data-end="5027">One sentence can sum up the mood in the community right now: <em data-start="4974" data-end="5027">&#8220;Cardano isn&#8217;t dead — it&#8217;s just missing the party.&#8221;</em></p>

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