$ADA $ADA Currently, the Cardano DeFi ecosystem has only $356 million in TVL, with stablecoin reserves insufficient at $31 million, severely limiting lending and trading activities, causing 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, to build cross-chain DeFi bridges, while converting some ADA into Bitcoin, creating a Prime Bitcoin DeFi ecosystem to attract more BTC holders.

Although the foundation's CEO questions the TVL metric, Hoskinson emphasizes a phased execution to avoid market sell pressure, hoping to ignite ADA prices to break the $1.3 barrier and reshape 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 reverse the situation and become the next generation DeFi giant? The answer will soon be revealed.