#CardanoDebate

The Cardano debate revolves around several key issues:

*Recent Controversies*

- *Treasury Proposal*: Cardano's CEO, Charles Hoskinson, proposed selling up to $100 million worth of ADA from the treasury to boost DeFi liquidity on the network. This move has sparked intense debate, with some fearing it could spook the market and others questioning the necessity of such a large sale.

- *Community Backlash*: The proposal has received criticism from the Cardano community, with some holders expressing concerns over decentralization, governance, and the potential impact on the market ¹ ².

*Technical Comparisons*

- *Transaction Per Second (TPS)*: A debate has emerged comparing Cardano's TPS to that of Solana. Crypto analyst Marty Party highlighted that Solana's TPS can reach up to 40,000, while Cardano's current TPS stands at approximately 1.3. This has led to discussions about the performance and scalability of both blockchain networks ³.

*Market Performance*

- *Price Predictions*: Cardano's ADA token has seen a decline in value, with some predictions suggesting it may not break the $1.00 barrier until 2027. This has led some investors to explore alternative options, such as Remittix, a project focused on providing fast and cheap money movement ¹.

*Broader Implications*

- *Competition and Utility*: The debate surrounding Cardano's utility and influence has been reignited by comments from Messari's Ryan Selkis, who labeled Cardano and XRP communities as "loudest, least valuable bot groups." This criticism highlights the ongoing competition between blockchain platforms and the importance of demonstrating real-world utility ⁴.