The market value of Cardano $ADA is $23 billion, citing a decline in transaction volume (1.3 TPS) and limited growth in decentralized finance, with a total value locked (TVL) of only $418 million compared to competitors. The Cardano community defends its research-based approach, the scalable Hydra layer (one million TPS in tests), and the Ouroboros protocol, arguing that metrics like TPS do not fully embody its potential. Recent discussions have also focused on governance, with Charles Hoskinson proposing to allocate $100 million from the treasury for decentralized finance liquidity, which has sparked mixed reactions. Some see it as a boost, while others view it as a risk from selling pressure.