coin-img-ETHETH-1.22%coin-img-BTCBTC+0.35%coin-img-HYPEHYPE+2.30%coin-img-SOLSOL-0.89%coin-img-XRPXRP-0.88%coin-img-USDCUSDC+0.00%coin-img-TONCOINTONCOIN-0.72%coin-img-DOGEDOGE-0.98%coin-img-ETHETH-1.22%coin-img-BTCBTC+0.35%coin-img-HYPEHYPE+2.30%coin-img-SOLSOL-0.89%coin-img-XRPXRP-0.88%coin-img-USDCUSDC+0.00%coin-img-TONCOINTONCOIN-0.72%coin-img-DOGEDOGE-0.98%coin-img-ETHETH-1.22%coin-img-BTCBTC+0.35%coin-img-HYPEHYPE+2.30%coin-img-SOLSOL-0.89%coin-img-XRPXRP-0.88%coin-img-USDCUSDC+0.00%coin-img-TONCOINTONCOIN-0.72%coin-img-DOGEDOGE-0.98%coin-img-ETHETH-1.22%coin-img-BTCBTC+0.35%coin-img-HYPEHYPE+2.30%coin-img-SOLSOL-0.89%coin-img-XRPXRP-0.88%coin-img-USDCUSDC+0.00%coin-img-TONCOINTONCOIN-0.72%coin-img-DOGEDOGE-0.98%
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Jordan Lyanchev

Analysts Question Cardano's $9B Valuation as On-Chain Metrics Lag and ADA Slides

A debate around Cardano's valuation resurfaced after a May 23, 2026 post highlighted what it described as weak on-chain activity versus ADA's roughly $9 billion market cap. The critique pointed to about $128 million in DeFi TVL, $1.3 million in 24-hour DEX volume, around $26 million in stablecoins, and roughly 17,000 active addresses. Separately, ADA remains far below its 2021 peak above $3 and is trading under $0.25 after failing to clear $1.3 during the 2025 rally.
ADA
ADA-1.91%
BTC
BTC+0.28%
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