As of $ADA , the current Cardano DeFi ecosystem has only $356 million in TVL, with stablecoin reserves insufficient at $31 million, severely restricting lending and trading activities, leading users to flock to Ethereum and Solana. The new strategy not only promotes the widespread use of stablecoins but also plans to introduce Ripple's RLUSD privacy sidechain, building a cross-chain DeFi bridge, while converting some ADA to Bitcoin to create a Prime Bitcoin DeFi ecosystem, attracting more BTC holders to participate.

Although the foundation's CEO questions the TVL metric, Hoskinson emphasizes a phased execution to avoid market pressure, hoping to ignite ADA prices to break the $1.3 barrier and restore Cardano's position as a cross-chain DeFi hub. If unsuccessful, the risks are significant, and the ecosystem may fall into stagnation.

The opportunity has arrived; can Cardano turn the tide and become the next generation DeFi giant? The answer will soon be revealed!