#CardanoDebate

The #CardanoDebate has reignited discussions about Cardano’s utility and market valuation. Critics, like crypto influencer MartyParty, question Cardano’s $23 billion market cap, citing low transaction volume (1.3 TPS) and limited DeFi growth, with only $418 million in total value locked (TVL) compared to competitors. The community defends Cardano’s research-driven approach, scalable Hydra layer (1M TPS in tests), and Ouroboros protocol, arguing that metrics like TPS don’t fully capture its potential. Recent debates also focus on governance, with Charles Hoskinson proposing a $100M treasury allocation for DeFi liquidity, sparking mixed reactions. Some see it as a boost, others as sell-pressure risk. Additionally, controversies like the 2021 “redemption scandal” over 318M unclaimed ADA and Hoskinson’s election blockchain pitch fuel division. Despite a 6% ADA price drop to $0.64, supporters remain optimistic about Cardano’s long-term vision for secure, decentralized systems.$ADA