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

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

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

Charles Hoskinson's bold plan to exchange $100 million of ADA for Bitcoin and stablecoins is the primary source of the coin's current 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 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 generate competitive rewards and staking in the long term, and the sustainability of investor enthusiasm around it.