$ADA Cardano ($ADA) is seeing significant development. Over 2,000 projects are reportedly building on its blockchain, a new milestone, with 138,000 Plutus scripts and growing validator participation (1,352 DReps). Recent updates include the Cardinal Protocol for Bitcoin DeFi and ongoing core node improvements.

A key recent proposal by founder Charles Hoskinson involves using 140M ADA (~$100M) from the treasury to boost DeFi by acquiring BTC and Cardano-native stablecoins (USDM, USDA, IUSD). This move aims to address limited stablecoin liquidity, a point of contention and debate within the community. While some see it as vital for ecosystem maturity, it has led to short-term price dips.