$BTC

✍️ Over the weekend, Cardano's cryptocurrency surpassed both Ethereum and Bitcoin Cash, even Monero, to become the most traded digital currency.

The recent surge is linked to a series of developments within its ecosystem, community discussions, and radical changes in its narrative around the decentralized finance (DeFi) sector, increasing the volume of debate and controversy surrounding it.

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

The decentralized finance (DeFi) sector in Cardano is thriving, thanks to providing more support for infrastructure and strong liquidity.

As we mentioned, the recent announcement from 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 evolving DeFi landscape.

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