The Cardano project is set against a backdrop of intense discussion around the allocation of public funds to strengthen Cardano's DeFi ecosystem. By the end of June 2025, the community is debating the allocation of 140M ADA (≈ 100M USD) from the treasury to support liquidity in stablecoins. This announcement triggered a drop of over 6% in ADA, from 0.688 USD to 0.625 USD before a rebound to 0.641 USD.

đŸ—Łïž Actors and Perspectives

Charles Hoskinson (IOG) justifies this strategy by the necessity to fill a critical liquidity gap for stablecoins, through gradual OTC sales or TWAP orders, in order to avoid destabilizing the market.

Cardano influencers, such as @cardano_whale, warn of a risk of front-running and selling pressure, rather suggesting to issue crypto-backed stablecoins like ObyUSD.

đŸ—ïž Technical Perspectives

At the same time, Cardano faces a debate about its scalability: some critics insist on the current limited throughput (~18 TPS), while advocates mention future scaling up to 10,000 TPS through the innovations Ouroboros Leios and Hydra.

đŸ’Œ Strategic Implications

1. DeFi Growth: unlocking the 140M ADA could spark new momentum, attract more dApps, and strengthen the use of stablecoins.

2. Immediate Market Risks: mixed sentiments, increased volatility, and fear of an ADA collapse if the distribution is not controlled.

3. Macro Evolution: this debate summarizes the tension between a long-term strategic vision (security, research, governance) and the immediate demands of the market.

✍ Conclusion

The #CardanoDebate reveals a vibrant community, oscillating between caution and opportunism. The outcome of this vote could mark a turning point: either a shift to a new DeFi phase or a warning signal regarding the sensitivity of governance to market movements. The challenge is to marry strategic ambition with rigorous execution — a crucial test for Cardano.