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Djed is a stablecoin, based on algorithmic design. It uses smart contracts to ensure price stabilization, and that the coin will be useful for decentralized finance (DeFi) operations. It operates by keeping a reserve of base coins, and minting and burning stablecoins and reserve coins.

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Djed

<div>
<p>The crypto space never takes a break, and neither do the platforms working to shape what comes next. While older names like Cardano continue building with careful planning, a new wave of faster, more flexible networks is catching attention. One standout is <a href="https://blockdag.network/" target="_blank">BlockDAG (BDAG)</a>, a rising name already making waves with over $351 million raised during its presale.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32-1024x576.webp" alt="BlockDAG" title="BlockDAG vs Cardano: Who’s Winning User Trust and Moving Ahead in Real-World Blockchain Adoption? 1" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32-1024x576.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32-300x169.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32-768x432.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32-600x338.webp 600w, https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32-450x253.webp 450w, https://blockchainreporter.net/wp-content/uploads/2025/07/blockdag-32.webp 1200w" /></a></figure>
<p>As the market shifts, more people are focusing on platforms that go beyond just hype. They’re looking for speed, usability, and tools that work right now. In this comparison, we explore what Cardano brings to the table, what sets BlockDAG (BDAG) apart, and why thousands of developers are already building on BlockDAG, even before the mainnet goes live.</p>
<h2 id="cardano-slow-and-steady-with-a-strong-foundation"><strong>Cardano: Slow And Steady With A Strong Foundation</strong></h2>
<p>Cardano is one of the better-known names in crypto. It was started by Charles Hoskinson, a co-founder of Ethereum. From day one, Cardano has followed a research-based path. Every upgrade and decision is carefully studied, reviewed, and peer-checked. It runs on Ouroboros, a special type of Proof-of-Stake system that saves energy and supports decentralization, meaning power isn’t controlled by just a few.</p>
<p>For coding, Cardano uses Plutus and Haskell, which are strong tools, but they’re not easy for beginners. Developers used to platforms like Ethereum often find these tools harder to work with. This makes it slower for new apps to roll out.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG2-5-1024x128.webp" alt="BlockDAG" title="BlockDAG vs Cardano: Who’s Winning User Trust and Moving Ahead in Real-World Blockchain Adoption? 2" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG2-5-1024x128.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG2-5-300x38.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG2-5-768x96.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG2-5-1536x192.webp 1536w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG2-5.webp 1600w" /></a></figure>
<p>Still, Cardano has kept moving forward. By late 2023 and into 2024, it remained among the top crypto platforms by market cap. Apps like Djed and SundaeSwap are live and working. The network is secure, stable, and well-tested, which many users appreciate.</p>
<p>But real-world use is still growing slowly. Many apps are still being tested or planned. Cardano keeps improving, but it takes a measured, careful approach. It’s more focused on getting everything right than on moving fast, which is why it moves at a slower pace than some of the newer networks.</p>
<h2 id="blockdag-a-fast-growing-network-built-for-todays-builders"><strong>BlockDAG: A Fast-Growing Network Built For Today’s Builders</strong></h2>
<p>Unlike Cardano’s slow and steady path, BlockDAG is growing fast and making real progress. It uses a unique structure called a Directed Acyclic Graph (DAG), which allows it to process many transactions at once, rather than one by one. This means it runs smoother, handles more users, and works faster than many traditional blockchains.</p>
<p>Another reason developers are choosing BlockDAG is how easy it is to build on. It supports Ethereum tools, so anyone used to Ethereum can jump right in without starting from scratch. Plus, there’s a helpful low-code smart contract builder, which lets users create and launch apps with just a few clicks, no deep coding skills needed. This is great for solo builders or small teams with limited resources.</p>
<p>What’s even more exciting is that BlockDAG is already buzzing with activity, even before its mainnet is live. Over 4,500 builders are currently working on more than 300 real-world projects. These include apps for AI, finance, payments, and everyday solutions. Many of them are already being tested and improved on the live testnet.</p>
<figure><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/chart-8.webp" alt="chart" title="BlockDAG vs Cardano: Who’s Winning User Trust and Moving Ahead in Real-World Blockchain Adoption? 3" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/chart-8.webp 870w, https://blockchainreporter.net/wp-content/uploads/2025/07/chart-8-300x200.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/chart-8-768x512.webp 768w" /></figure>
<p>BlockDAG’s presale has also seen big success. It has now raised over $351 million and sold more than 24.3 billion BDAG coins. As part of the GLOBAL LAUNCH release, the current price is $0.0016 until August 11, offering a possible 3,025% return once it reaches its launch price of $0.05. Compared to the Batch 29 price of $0.0276, early buyers have already seen gains of 2,660%. Interest keeps growing, and the BlockDAG ecosystem is moving ahead quickly with strong support and real progress.</p>
<h2 id="blockdag-vs-cardano-two-different-journeys-one-clear-standout"><strong>BlockDAG Vs Cardano: Two Different Journeys, One Clear Standout</strong></h2>
<p>Cardano and BlockDAG are both working to improve the blockchain world, but they’re taking completely different roads. Imagine two runners: one moves carefully, focusing on perfect form and steady steps. The other moves fast, learning on the go and picking up speed with every stride. That’s the best way to compare how Cardano and BlockDAG operate.</p>
<p>Cardano has always followed a slow-but-sure style. It’s built around deep research and long-term thinking. The team is known for double-checking everything before releasing updates. That gives the network a strong and secure base, plus it’s energy-efficient. But this careful approach can also slow things down. Developers often find Cardano’s tools harder to use, especially compared to other platforms. This makes app building slower, which explains the lower number of live apps and less daily activity on the network.</p>
<p>In contrast, BlockDAG is moving fast, and with more flexibility. It supports well-known developer tools, especially those used in Ethereum, making it easier for new builders to get started quickly. It also offers a smart contract builder that works with minimal coding. This makes it easy for small teams or even solo builders to create and launch real projects without heavy technical work.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1-1024x576.webp" alt="BlockDAG" title="BlockDAG vs Cardano: Who’s Winning User Trust and Moving Ahead in Real-World Blockchain Adoption? 4" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1-1024x576.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1-300x169.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1-768x432.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1-600x338.webp 600w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1-450x253.webp 450w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG1-1.webp 1200w" /></a></figure>
<p>What’s even more impressive is the level of activity BlockDAG has already seen before going live. Over 4,500 builders are currently developing 300+ real projects on the testnet. Its presale has already raised more than $351 million, a huge figure for a project that’s still in early stages. Compared to Cardano’s slow and steady path, BlockDAG feels much more hands-on and fast-paced.</p>
<h2 id="final-verdict"><strong>Final Verdict</strong></h2>
<p>Cardano is trusted for its careful planning, deep research, and secure setup. It’s a solid choice for those who prefer structure and long-term building. But in today’s fast-moving space, many are looking for platforms that are ready to use right now, not years from now.</p>
<p>That’s where BlockDAG shines. It’s fast, easy to build on, and already full of real activity before its official launch. With thousands of developers already involved and over $351 million raised, it’s quickly becoming a go-to platform for people who want results without waiting. For anyone looking to build, launch, and grow today, not just plan for tomorrow, BlockDAG is standing out as the clear front-runner. </p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-36-1024x128.webp" alt="BlockDAG" title="BlockDAG vs Cardano: Who’s Winning User Trust and Moving Ahead in Real-World Blockchain Adoption? 5" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-36-1024x128.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-36-300x37.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-36-768x96.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-36.webp 1193w" /></a></figure>
<p>Presale: <a href="https://purchase.blockdag.network/" target="_blank">https://purchase.blockdag.network</a></p>
<p>Website: <a href="https://blockdag.network/" target="_blank">https://blockdag.network</a></p>
<p>Telegram: <a target="_blank" href="https://t.me/blockDAGnetworkOfficial">https://t.me/blockDAGnetworkOfficial</a></p>
<p>Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank">https://discord.gg/Q7BxghMVyu</a></p>
<div><svg width="24" height="24">
</svg><p>This article is not intended as financial advice. Educational purposes only.</p></div>										
																				</div>

Blockchain Reporter

BlockDAG Or Cardano? A Look At Tech, Developer Growth & Real Progress

<div>
<p>Not all blockchain projects grow the same way. Some are built slowly, with academic research and carefully planned upgrades. Others move fast, giving developers tools to build and launch with ease. Two projects that follow very different paths are Cardano and <a href="https://blockdag.network/" target="_blank">BlockDAG (BDAG)</a>.</p>
<p>Cardano has built a reputation over the years for being cautious, research-focused, and methodical. BlockDAG with $350M presle, on the other hand, is newer, but it’s already attracting strong developer interest and growing activity even before its full launch.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31-1024x576.webp" alt="BlockDAG" title="BlockDAG vs Cardano: A Deep Dive Into Tech, Tools, Builders, And Real-World Use; Who Wins The 2025 Run?  1" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31-1024x576.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31-300x169.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31-768x432.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31-600x338.webp 600w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31-450x253.webp 450w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-31.webp 1200w" /></a></figure>
<p>In this piece, we’ll take a closer look at how these two projects compare in five key areas: technology, developer experience, real-world activity, accessibility, and growth potential.</p>
<h2 id="1-technology-blockchain-vs-dag-structure"><strong>1. Technology: Blockchain Vs DAG Structure</strong></h2>
<p>Cardano is built on a standard blockchain model. It uses a consensus system called Ouroboros, which is a type of Proof-of-Stake. This system helps reduce energy use and improves network security. Each transaction is added to a single chain, one block after another, making it stable but not always fast.</p>
<p>BlockDAG is built differently. It uses a Directed Acyclic Graph (DAG), which allows multiple transactions to be processed at the same time. This structure gives the network much more flexibility, especially as the number of users grows. DAG-based systems are often faster and more scalable because they avoid the bottlenecks that blockchains sometimes face.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-32-1024x128.webp" alt="BlockDAG" title="BlockDAG vs Cardano: A Deep Dive Into Tech, Tools, Builders, And Real-World Use; Who Wins The 2025 Run?  2" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-32-1024x128.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-32-300x38.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-32-768x96.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-32-1536x192.webp 1536w, https://blockchainreporter.net/wp-content/uploads/2025/07/BlockDAG-32.webp 1600w" /></a></figure>
<p>For developers and users alike, this means BlockDAG has the potential to support higher transaction speeds without sacrificing reliability.</p>
<h2 id="2-developer-experience-learning-curve-vs-plug-and-play"><strong>2. Developer Experience: Learning Curve Vs Plug-and-Play</strong></h2>
<p>One big difference between Cardano and BlockDAG lies in how developers interact with each platform.</p>
<p>Cardano uses Haskell for its core development and Plutus for smart contracts. While both are powerful, they are also complex. Developers who don’t already know Haskell will need to learn it, and this takes time. Many developers who are used to Ethereum’s Solidity may find this transition challenging.</p>
<figure><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/chart-7.webp" alt="chart" title="BlockDAG vs Cardano: A Deep Dive Into Tech, Tools, Builders, And Real-World Use; Who Wins The 2025 Run?  3" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/chart-7.webp 870w, https://blockchainreporter.net/wp-content/uploads/2025/07/chart-7-300x200.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/chart-7-768x512.webp 768w" /></figure>
<p>BlockDAG offers a more accessible experience. It is fully compatible with Ethereum’s tools, including Solidity, making it much easier for developers to get started. Even more, it offers a low-code smart contract builder, so people with little to no coding background can build and deploy smart contracts using drag-and-drop tools. This flexibility makes BlockDAG attractive to a much broader range of creators, from experienced developers to small teams or solo entrepreneurs.</p>
<h2 id="3-ecosystem-activity-whats-actually-being-built"><strong>3. Ecosystem Activity: What’s Actually Being Built</strong></h2>
<p>Cardano has been in development since 2017. Some of its applications, like Djed (a stablecoin) and SundaeSwap (a decentralised exchange), are live and running. However, overall usage is still growing at a measured pace, and many apps remain in testing or early stages.</p>
<p>BlockDAG, even though it’s still in its presale phase, has already opened access to a public testnet. Developers can use this environment to build and test apps in real time. As of now, over 4,500 builders are actively working on more than 300 projects, and these aren’t just mock-ups. Many of them are being tested for launch.</p>
<p>From DeFi tools and AI-based apps to real-world payment systems, BlockDAG’s testnet is already seeing a wide range of use cases. To boost trust further, BlockDAG has been audited by both CertiK and Halborn, two well-respected blockchain security firms. It has also formed partnerships with platforms like HackerEarth and even with the Seattle Seawolves, a U.S.-based rugby team, showing its reach beyond crypto.</p>
<h2 id="4-accessibility-who-can-join-the-ecosystem"><strong>4. Accessibility: Who Can Join The Ecosystem?</strong></h2>
<p>Cardano is focused on long-term quality and security. That’s great for stability, but it can also make it harder for new builders to get started. Developers must learn Cardano-specific tools and languages, which creates a learning curve that not everyone is willing to take on.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-1024x576.jpg" alt="BlockDAG" title="BlockDAG vs Cardano: A Deep Dive Into Tech, Tools, Builders, And Real-World Use; Who Wins The 2025 Run?  4" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-1024x576.jpg 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-300x169.jpg 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-768x432.jpg 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-600x338.jpg 600w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-450x253.jpg 450w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG.jpg 1200w" /></a></figure>
<p>In contrast, BlockDAG aims to remove those barriers. Since it’s Ethereum-compatible, developers can use tools they already know. The low-code builder further opens doors to those with little to no coding experience. This approach has encouraged a wider group of creators, from blockchain veterans to first-time builders, to explore what the platform offers.</p>
<p>Simply put, BlockDAG makes it easier for more people to participate.</p>
<h2 id="5-growth-and-predictions-past-stability-vs-future-potential"><strong>5. Growth And Predictions: Past Stability Vs Future Potential</strong></h2>
<p>Cardano has maintained its place as a trusted network for years. Its coin, ADA, has shown growth during market upswings, and analysts are now pointing to a recurring fractal pattern in its price chart. Based on this pattern, some believe ADA could reach $2.40 in the coming cycles if support levels hold and adoption improves.</p>
<p>BlockDAG, though still pre-launch, is already showing signs of strong early interest. Its presale has raised over $350 million, and more than 24 billion BDAG coins have been sold. The current presale price is $0.0016 as part of GLOBAL LAUNCH release, with a suggested listing price of $0.05, which implies a return of over 3,000% for early supporters.</p>
<p>Some analyst predictions have even gone further. Based on the level of builder activity, public testnet usage, and early partnerships, speculative price forecasts for BDAG range from $5 to even $20 in the long term. While these are just predictions, they reflect the growing excitement around the platform.</p>
<p>Of course, no outcome is guaranteed. But the contrast is clear: Cardano brings history and consistency, while BlockDAG brings early signs of fast growth and real-world engagement.</p>
<h2 id="conclusion"><strong>Conclusion</strong></h2>
<p>Both Cardano and BlockDAG are working toward better blockchain solutions, but their styles are quite different. Cardano takes a careful approach, focusing on long-term goals with a strong foundation in research. It appeals to those who don’t mind taking time to build slowly and securely. BlockDAG, meanwhile, is focused on speed, flexibility, and wider access. </p>
<p>With over $350 million raised in presale and more than 4,500 builders already active, it’s showing early signs of strong community support. While Cardano is more established, BlockDAG is offering tools and progress that are easier to access today. The better fit depends on how soon one wants to build, and how simply one wants to start.</p>
<figure><a href="https://blockdag.network/" target="_blank"><img src="https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-1024x128.webp" alt="BlockDAG" title="BlockDAG vs Cardano: A Deep Dive Into Tech, Tools, Builders, And Real-World Use; Who Wins The 2025 Run?  5" srcset="https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-1024x128.webp 1024w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-300x38.webp 300w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-768x96.webp 768w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG-1536x192.webp 1536w, https://blockchainreporter.net/wp-content/uploads/2025/07/%7FBlockDAG.webp 1600w" /></a></figure>
<p>Presale: <a href="https://purchase.blockdag.network/" target="_blank">https://purchase.blockdag.network</a></p>
<p>Website: <a href="https://blockdag.network/" target="_blank">https://blockdag.network</a></p>
<p>Telegram: <a target="_blank" href="https://t.me/blockDAGnetworkOfficial">https://t.me/blockDAGnetworkOfficial</a></p>
<p>Discord: <a href="https://discord.gg/Q7BxghMVyu" target="_blank">https://discord.gg/Q7BxghMVyu</a></p>
<div><svg width="24" height="24">
</svg><p>This article is not intended as financial advice. Educational purposes only.</p></div>										
																				</div>

BlockDAG Vs Cardano: Comparing Tech, Tools, And Ecosystems

<p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Cardano may still be holding ground, but a growing wave of ADA holders is rotating into a project they believe has more immediate upside,&nbsp;</span><a href="https://remittix.io/?utm_source=CardanoFeed&amp;utm_medium=Article&amp;utm_campaign=013"><span style="background-color:transparent;color:#1155cc;font-family:Calibri,sans-serif;"><u>Remittix</u></span></a><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">. With real-world utility, blazing-fast transfers and a global wallet rollout on the horizon, Remittix is attracting attention from traders who once backed Layer-1s like Cardano.</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">The shift signals a changing mood in crypto as users chase speed, utility and actual payment solutions.</span></p><h2><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;"><strong>Cardano Sees Trading Volume Surge but DeFi Weakens</strong></span></h2><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Cardano started the week with a jolt as trading volume nearly doubled to over $517 million in just 24 hours. On-chain signals hinted at fresh capital coming in from both retail and institutional investors, with CoinShares confirming $0.4 million in new inflows to ADA products. But beneath the surface, cracks are starting to show.</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Cardano’s DeFi footprint is shrinking, with its total value locked slipping 15% this month to just $324 million. Major stablecoins remain absent and Djed has lost its dollar peg. Daily DEX activity is underwhelming at $99 million and only a handful of Cardano dApps are attracting serious liquidity.</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc9z4r8pFFLDivMrVDCTc_yqJ8Mm15fXxrwuJNTB448UMrgWwedNmMtpwsLQYO9DBoLvwd8Z8GrLzu9lAg45mrkyDesGK07I-E-HiUA3gN1juYqfAOvdVTQT8y66EyHkdo85wds3Q?key=qHnpJkULyrzZ7uCFZ7rnXA"></span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Analysts are still holding out hope for an ETF greenlight or adoption of Midnight, but others aren’t waiting around. A growing number of ADA holders are rotating into emerging projects with stronger near-term potential. One standout is Remittix, a Layer-1 with actual crypto-to-fiat utility and fast-growing traction.</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">As Cardano wrestles with stagnation, some investors see Remittix as a future Top 10 player with a more actionable roadmap and faster execution.</span></p><h2><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;"><strong>ADA Holders Bet on Remittix to Lead the Next Bull Run</strong></span></h2><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Cardano holders aren’t just watching charts anymore; they’re making moves. And many are rotating into&nbsp;</span><a href="https://remittix.io/"><span style="background-color:transparent;color:#1155cc;font-family:Calibri,sans-serif;"><u>Remittix</u></span></a><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">, a rising project built for speed, scale and real-world utility. While ADA’s ecosystem still struggles to attract sticky DeFi volume, Remittix is tackling something concrete: making crypto transfers as seamless as sending a text.</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">The project has already raised $15.9 million, with over 548 million RTX tokens sold at $0.0811 each. What’s fueling the momentum? A sleek, soon-to-launch mobile wallet that converts RTX into dozens of fiat currencies in seconds, with a portion of every transaction burned automatically. That built-in scarcity mechanic isn’t just clever, it’s proven. Coins with similar burn models have seen consistent value growth tied to rising usage.</span></p><p><a href="https://remittix.io/?utm_source=CardanoFeed&amp;utm_medium=Article&amp;utm_campaign=013"><span style="background-color:transparent;color:#1155cc;font-family:Calibri,sans-serif;"><u>Remittix</u></span></a><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;"> goes live this quarter in West Africa and Southeast Asia, targeting high-remittance corridors where crypto adoption is booming. With low fees and fast settlement, it’s already drawing attention from freelancers and migrant earners, two groups that care more about usability than branding. For ADA holders seeking a faster path to relevance, the Remittix bet is looking more like a calculated upgrade than a gamble.</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Discover the future of PayFi with Remittix by checking out their presale here:</span></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Website:</span><a href="https://remittix.io/?utm_source=CardanoFeed&amp;utm_medium=Article&amp;utm_campaign=013"><span style="background-color:transparent;color:#1155cc;font-family:Calibri,sans-serif;"><u> https://remittix.io/</u></span></a></p><p><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">Socials:</span><a href="https://linktr.ee/remittix"><span style="background-color:transparent;color:#000000;font-family:Calibri,sans-serif;">&nbsp;</span><span style="background-color:transparent;color:#1155cc;font-family:Calibri,sans-serif;"><u>https://linktr.ee/remittix</u></span></a></p>

Cardano Feed

Why Cardano Holders Are Selling Their ADA To Back Future Crypto Top 10 Star Remittix

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<img src="https://crypto.news/app/uploads/2023/08/Cardano05.jpg" alt="Cardano price at risk as key ecosystem metrics tumble" />
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<p>Cardano price has plunged into a bear market, falling by over 55% from its highest point in November last year.</p>
<p>Cardano (<a target="_blank" href="https://crypto.news/price/cardano/">ADA</a>) dropped to $0.587 and is at risk of more downside as key metrics deteriorate and a bearish pattern forms.</p>
<p>DeFi Llama <a href="https://defillama.com/chain/cardano" target="_blank">data shows</a> that the total value locked has plunged by 15% in the last 30 days to $324 million. Only eight dApps in the ecosystem have a total value locked of over $10 million. </p>
<p>Cardano’s DeFi TVL has been overtaken by many newly formed blockchains like Unichain, Sonic, Sui, Sei, and Berachain. That is a sign that the network is not gaining traction among investors and developers.</p>
<p>Additional data indicates that Cardano’s stablecoin supply has remained at $30 million over the past few months. This is a small number considering the stablecoin industry is valued at over $250 billion.</p>
<p>Worse, many Cardano stablecoins have <a href="https://defillama.com/stablecoins/Cardano" target="_blank">depegged</a> and are trading below $1. Moneta, Anzens, and Djed have all dropped to $0.98, much lower than $1. The biggest stablecoins in crypto, like USDT, USDC, PYUSD, and RLUSD, have all avoided Cardano despite its size.</p>
<p>Further, Cardano’s DEX volume is minuscule, a sign that just a few people are interacting with the network. Cardano’s <a href="https://defillama.com/dexs/chain/cardano" target="_blank">DEX volume</a> in the last 30 days was $99 million. </p>
<p>In contrast, Base, a layer-2 network created in 2023, handled over $632 million in the last 24 hours. Unichain, which Uniswap (<a target="_blank" href="https://crypto.news/price/uniswap/">UNI</a>) launched in March, <a href="https://defillama.com/dexs/chain/unichain" target="_blank">handled</a> over $203 million in this period. </p>
<p>Charles Hoskinson and the Input Output team are working on several initiatives to boost its ecosystem growth, but it is unclear whether they will lead to more robust expansion.</p>
<p>They are building Leios, an update to Cardano that will introduce parallel processing, increasing throughput. It will also have a unique structure comprising input blocks to collect and aggregate transactions, endorsement blocks to verify and approve them, and confirmation blocks to finalize them.</p>
<p>Midnight, on the other hand, is a layer-2 network that employs zero-knowledge proofs to enhance transaction privacy. While these initiatives are promising, it is unclear whether they will attract developers to Cardano.</p>
<h2>Cardano price technical analysis</h2>
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<figcaption>ADA price chart | Source: <a target="_blank" href="https://crypto.news/price/cardano/">crypto.news</a></figcaption></figure>
<p>The daily chart points to more ADA price sell-off. It remains below the 61.8% Fibonacci retracement level. It has also moved below the 50-day and 100-day moving averages and has formed a large descending channel.</p>
<p>Cardano price has also formed an inverse cup-and-handle pattern, a common bearish continuation signal. It is now in the handle section, and a drop below the lower side will point to further downside, potentially to the 78.6% retracement point at $0.50.</p>
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