according to the website - By ZyCrypto
Cardano looks at Bitcoin DeFi dominance as ADA ETF odds reach 71% ATH
To capitalize on Bitcoin's market dominance and substantial liquidity, Cardano is tracking the decentralized finance (DeFi) ecosystem of the apex cryptocurrency.
Taking to X, formerly Twitter, Cardano founder Charles Hoskinson noted: "Now that we are on the other side of the storm in a teacup, the ecosystem can move to higher positions with greener pastures. We have left behind brigades of slanderers, disgruntled former members, and toxic energy vampires for Bitcoin DeFi, governance finally taking shape, Midnight, and such major achievements as Leios and Midgard."
Therefore, Hoskinson is optimistic that Cardano will enter the Bitcoin DeFi ecosystem full steam ahead, as this will be a stepping stone to advancing innovation and opening new financial opportunities in the crypto space.
This move could position Cardano as a leading platform for DeFi, leveraging smart contract capabilities and Bitcoin liquidity.
Recently, Hoskinson also presented an ambitious vision for Cardano, where artificial intelligence and the privacy-focused sidechain Midnight will play a central role.
As Cardano transactions continue to scale after reaching 110 million, with around 22 billion ADA staked in nearly 3000 pools, the tenth largest cryptocurrency continues to enjoy active community engagement and increased DeFi growth.
Meanwhile, the launch of the Cardano exchange-traded fund (ETF) continues to attract attention, with odds recently reaching a new all-time high (ATH) of 71%.
The launch of the ADA ETF will be welcomed with open arms, as it will ignite the institutional investment fire, which is optimistic in the long run.
$ADA , $SUI , $XRP
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