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Cardano’s price remained unchanged on Monday, capping a difficult month in which it dropped nearly 18%.
Cardano Cardano
-0.68%
Cardano was trading at $0.565 on June 30, down 34% from its May high and 57% from its peak in November. The decline mirrors the broader sell-off across altcoins.
Cardano’s plunge also coincided with ongoing ecosystem challenges. For example, the total value locked in its decentralized finance ecosystem dropped nearly 20% over the past 30 days to $315 million.
Cardano’s stablecoin supply remained unchanged at $31.4 million, much lower than other chains like Unichain, Sonic, Berachain, Base, and Near Protocol.
Additional data from Artemis shows that Cardano’s network slowdown continued in June. Daily active users dropped to just 20,000, the lowest level since 2020 and well below the year-to-date high of 38,000.