$ADA Current Cardano DeFi ecosystem only has $355.6 million TVL, with stablecoin reserves insufficient at $31 million, severely limiting 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 part of ADA into Bitcoin to create a Prime Bitcoin DeFi ecosystem, attracting more BTC holders to participate.

Despite the foundation CEO questioning the TVL metric, Hoskinson emphasizes phased execution to avoid market sell pressure, hoping to ignite ADA price to break through the $1.3 barrier and reshape Cardano's position as a cross-chain DeFi hub. If it fails, the risks are enormous, 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!