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Cardano (ADA) enters the list of the most traded cryptocurrencies

Over the weekend, Cardano surpassed both Ethereum and Bitcoin Cash, and even Monero, to become the most traded cryptocurrency.

The recent increase is linked to a series of developments in its ecosystem, discussions within its community, and radical changes in its narrative regarding the decentralized finance (DeFi) sector, leading to increased volume of discussions and debates about it.

Charles Hoskinson's bold plan to exchange $100 million worth of ADA for Bitcoin and stablecoins is the main source of the currency's current popularity.

Meanwhile, the DeFi sector in Cardano is thriving thanks to its provision of more support for infrastructure and strong liquidity.

As we mentioned, the recent step announced by the founder of Cardano has sparked widespread debate on social media and forums regarding the long-term value of ADA and its strategic position in the changing decentralized finance landscape.

This has fueled increased activity on Cardano's staking platforms, raising questions about the network's ability to produce competitive rewards and stakes in the long term, and the sustainability of investor enthusiasm around it.