The coin pair $ADA is buzzing with activity! Cardano recently hit a massive milestone with over 2,000 projects now building on its blockchain, demonstrating significant ecosystem growth and developer interest. Despite this, ADA's price currently hovers around $0.63, experiencing a slight dip over the past week.

A major discussion point is Charles Hoskinson's proposal to convert $100 million worth of ADA from the treasury into stablecoins and Bitcoin. This aims to boost DeFi liquidity on Cardano, addressing its lower stablecoin-to-TVL ratio compared to competitors. This strategic move, along with the recently completed Chang hard fork enhancing governance, signals Cardano's push for increased adoption and a more robust DeFi landscape.