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Sadia Ali

Urgent Call: Coinbase Wants Congress to Rescue Crypto Innovation

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Key Takeaways

  1. Coinbase urges Congress to prioritize clear crypto legislation to empower innovation and protect consumers.
  2. The proposal advocates granting the CFTC authority over spot markets to foster market transparency.
  3. Swift action is needed to prevent innovation from moving overseas and safeguard the U.S.’s blockchain leadership.

Coinbase, one of the leading cryptocurrency exchanges, has called for the U.S. Commodity Futures Trading Commission (CFTC) to oversee spot cryptocurrency markets, limiting the Securities and Exchange Commission’s (SEC) role in regulating digital assets.

This bold proposal, written by the Chief Policy Officer of Coinbase, Faryar Shirzad, reflects the need for comprehensive legislation to provide much-required clarity to innovators while preserving robust protection of the customer base.

The proposed framework prioritizes enabling developers, preserving self-custody capabilities, and encouraging participation within decentralized finance (DeFi). In addition to this, Coinbase is of the opinion that central intermediary institutions like exchanges must have high levels of both transparency and security to enhance customer trust.

A central recommendation is to allow the CFTC to regulate the crypto spot market, namely assets like Bitcoin and Ethereum that are categorized as commodities. In the view of Coinbase, this measure would introduce a degree of transparency, prevent fraud, and act to support the consumer without discouraging innovation within the blockchain ecosystem overall.

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Source: Coinbase

Coinbase Propose Clearer Rules Could Bolster Innovation

The Coinbase proposal also emphasizes the need to grant the developers the regulatory certainty to build the systems that are decentralized with the assets being owned by the user itself.

Shirzad also emphasizes the protection of wallets that will enable the public to engage with blockchain without being entirely reliant on central systems.

Additionally, the paper advocates maintaining the open innovation potential of DeFi and digital commerce. Shirzad warns that excessive regulation will push innovation overseas with the potential to expose American consumers to fraud and systemic threats.

A stablecoin infrastructure that will ensure the token is fully supported and transparent is also needed to bridge the crypto to the fiat economies. In requesting simplified user-friendly regulations, Coinbase is highlighting the need to integrate crypto regulation into the existing U.S. financial infrastructure without disrupting unnecessarily.

Time is of the Essence

Coinbase’s proposal warns of the perils of lagging regulation. In the dearth of certain legislation, the U.S. will lose its comparative advantage with the flight of companies and programmers to other jurisdictions with less onerous terms. Besides that, vague terms leave American consumers at the mercy of potential market abuses and collapse.

By passing reasonable legislation, the Congress can have the opportunity to serve the consumers, enhance innovation, and uphold the U.S.’s blockchain lead globally. The call to action by Coinbase is a watershed that is the country getting the opportunity to seal its status within the international digital economy.

Why Memecoins Are Over, Devastating $4B Scandal

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Key Takeaways:

  • The $4 billion LIBRA scandal signals the end of the memecoin era.
  • Authorities are likely to enforce regulations amid evident on-chain paper trails.
  • Market focus pivots to sustainable and fairly valued projects.

The memecoin market has taken a heavy blow following the fallout of the $4 billion LIBRA scandal, implicating Argentine President Javier Milei. Crypto investor Nic Carter of Castle Island Ventures declared the era of memecoins “unquestionably over.”

He pointed out that the controversy underscores endemic corruption within the industry that shatters the myth of equal opportunities for regular investors. The coins that were hailed earlier due to their purported “fair launch” protocols are being questioned today regarding insider manipulation and pre-launch favoritism.

Carter emphasized that the very mechanics that enticed the retail traders were exposed to have been rigged with a small elite profiteering at their expense out of all proportion. LIBRA’s explosive valuation to $4 billion within minutes was the latest of a sequence of rigged and botched launches that had the entire crypto community disillusioned.

Insider Trading and Enforcement Loom Large

Carter warned that the days of unhindered memecoin launches are drawing to a close. Law enforcement is increasingly turning its eyes to crypto industry manipulation and insider trading. On-chain evidence of the most recent scandals have yielded a digital trail that can be capitalized upon by the regulators.

Although memecoins were exempt from being treated like traditional securities by the law, Carter added that legal precedents of inside information are applicable no matter the asset involved.

With many insiders at the risk of facing criminal charges, the memecoin market is likely to fall under stricter regulation. With increased enforcement, astute investors will have no choice but to leave the sector behind, leaving the gullible retail traders exposed to abusive behavior.

Market Moves Beyond the Era of Memecoins

The crypto market is reacting to the decline of memecoins by resorting to sustainable quality-driven projects instead. Contrary to memecoins, quality-backed tokens with transparent pricing are taking off instead.

Carter highlighted the advent of sites like Echo that are geared toward qualified investors and compliant token launches as a possible solution to token launches disorder

Moreover, developers and venture capitalists are also reacting to market sentiment by reducing prelaunch valuations to provide a more equitable access to all participants.

This evolution is a healthy change to the industry that results in a healthier environment. Altho the crash of the memecoin market is painful short-term-wise, according to Carter, it actually sets the path to a stronger and mature crypto environment.

LIBRA’s Epic Crash: $251M Gone, Insiders Profit Millions

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  1. Investors lost $251M in a massive $LIBRA pump-and-dump, with 86% of wallets selling at a loss.
  2. Early snipers profited millions, while most retail traders faced devastating losses.
  3. Solana suffered a 16% liquidity drop amid the fallout from $LIBRA’s collapse.

The $LIBRA memecoin saw a dramatic trajectory on February 14, 2025, propelled by an endorsement from Argentina’s President Javier Milei. Marketed as a tool to support small businesses and Argentina’s economy, the token quickly surged to a $4.5 billion valuation.

According to the report by Nansen, within an hour of its creation, the price of $LIBRA rose to a record of $4.55 before later plummeting shortly afterwards. Project lead Hayden later downgraded the token to a memecoin later on, nullifying its initial purpose.

Milei’s quiet deletion of the promotional tweet was followed by a public backlash. To add to the controversy, blockchain investigator Coffeezilla revealed that Milei had no vested financial interest in the project. Nevertheless, the harm was irreversible as insiders took advantage of the early access to bank millions while leaving the retail traders at a significant loss.

Insiders Profit While Retail Suffers in $LIBRA Collapse

Data reveals striking disparities between winners and losers. Of the 15,431 wallets with a gain of greater than $1,000 or a loss of greater than $1,000, 86% lost, totaling $251 million. In contrast, 2,101 wallets made a profit of $180 million.

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Certain wallets, presumably bots, entered and closed within minutes with profits of millions of dollars. One wallet, HyzGo2, made a gain of $5.1 million by itself. On the other hand, other wallets like XRfKhaCA made significant losses with inside contacts. dysphoria.sol lost a lot of money on $LIBRA while making a million on earlier tokens like $TRUMP and $MELANIA, implying inside information.

8bZsrR was the highest gainer and was reportedly making a profit of $25 million by dividing the holdings of $LIBRA among various wallets at the right time. Despite these staggering losses, the token saw trading activity days after its collapse. A Feb 17 repost by Milei saw the price increase 125%, although the bounce was later reversed, increasing the losses of the retail traders.

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Impact on the Broader Crypto Market

The ripple effect of the collapse of $LIBRA was also experienced by its immediate investors. The blockchain that supported $LIBRA took a major hit with its liquidity reducing to $8.29 billion down from $12.1 billion. Although Solana was not directly affected, the fact that it supported the token raised fears about the destiny of memecoins.

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The $LIBRA episode is a symptom of a recurring trend among crypto markets: inside profits, speculative mania, and destruction of the retail base. Besides financial loss, it also eroded trust and revealed vulnerabilities within a sector that is striving toward mainstream legitimacy. It is to be seen if this is a healthy correction of the market or a greater fatigue with memecoin rackets.

XRP Targets $3 Breakout Amid Market Correction—Here’s Why It Matters

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  1. XRP experiences a sharp drop below the critical $2.52 level, raising market concerns.
  2. Analyst predicts this correction may precede the next explosive move, with key support levels identified.
  3. Market sentiment hinges on a breakout above $3 and previous all-time highs.

XRP’s price has dipped below the strong $2.52 support level, triggering the market’s dip by 6% and putting its next direction into uncertainty. This dip, observed by many, has led weak hands to sell, but is part of the larger correction structure.

Analyst CasiTrades, known for market reports, described this as the turning point for XRP, the potential lowest level before the massive rally. CasiTrades pointed towards the recent XRP dip towards the level of the 0.5 Fibonacci level where the high from the year 2021 met it, the traditional market reaction.

Although the dip is continuous now, this is not the moment for panic, the analyst added. Instead, one should shift the eyes toward the bigger market structure where the bigger context is representative of the impending reversal.

Key Support Levels to Watch

The recent dip has highlighted the three support levels: $2.23, $1.86, and $1.50, particularly on the exchange of Bybit, though slightly varying from exchange to exchange like the one for Binance. These levels will likely serve as potential pivots for the correction cycle for XRP, labeled “W2” by CasiTrades.

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Interestingly, the first two targets fail to indicate the establishment of a new low, implying the likelihood of XRP establishing a higher low before resuming its upward trend. However, if the price crosses them, $1.53 will become the normal wave retracement level for this wave. This close market watch emphasizes the importance of the levels when projecting XRP’s next direction.

Confirmation Hinges on Breakout

CasiTrades emphasized the genuine verification for the trend being bullish is the breakout over its historical high starting from $3 right up through its all-time high (ATH). A clean breakout will validate the revival of market engagement and the potential for explosive growth.

The market has the habit of shaking out the weak hands before the strong moves, and this could very possibly be one of those occasions. Traders need to maintain their nerve and watch the bigger frames for the larger-picture context.

Recent XRP Market Dynamics

Previously, XRP dropped back towards the level of the 0.382 level around $2.65, one that CasiTrades identified as the prime entry point. This level held firm, providing support and setting the stage for the possible break towards $2.95–$3.00. However, strong resistance around $3 is the prime hurdle.

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How XRP will act around this level of support will decide its short-term direction. A rejection will keep the price range-bound, while a breakout will likely lay the groundwork for the continuation of the upside trend.

XRP’s $1 Trillion Market Cap Target: Breaking Down the Bullish Math

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  1. XRP’s market cap projection of $1 trillion is tied to the Fibonacci 1.618 level, representing only 4% of its previous cycle’s growth.
  2. EGRAG Crypto highlights a bullish momentum for XRP, with the next milestone set at $2.83.
  3. Using logarithmic analysis, a potential 600% price increase for XRP seems achievable based on conservative estimates.

EGRAG Crypto’s analysis presents a compelling argument for XRP potentially reaching a market cap of $1 trillion. Following the strength of the golden ratio by the Fibonacci (1.618), the estimate is taken from the history where XRP’s market capitalization increased by 15,000% from the value of the fib 1.0.

By comparison, hitting the $1 trillion market capitalization now is only about reaching only 4% of this momentum, and the objective thus appears “super doable” from the analysis.

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Further supporting this is the consideration of logarithmic and linear charting models. Linear charts yield short-term accuracy, whereas logarithmic charts are essential for the study of long-term growth trends, particularly when studying the nature of exponentially-growing trends like XRP’s.

Combining both models, the forecasts by EGRAG yield a conservative estimate of the price rise by 600%. This estimate points towards the ability of the cryptocurrency to break through limits by market forces and historical trends.

XRP Bullish Momentum in the Short-Term

In the short run, XRP is showing promising indications. The token has rebounded from the lower edge of an upward triangle, something common before the price increases.

Currently, XRP is targeting $2.83, the level of importance. Based on the analysis, closing over the $2.90-$3.10 range with confirmation can turn this range into strong support, setting the stage for the continuation of the rally.

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Momentum indicators confirm these levels, implying building buying momentum. XRP holding its grip over notable levels of resistance forms the base for ongoing growth, consolidating the trend towards its direction.

A Logical Perspective on Exponential Growth

EGRAG Crypto points towards the importance of understanding the mathematics and logic behind the potential for the cryptocurrency’s ascendance. Chart tools combined with historical data presents the market projections through formal methodology.

Having the golden ratio combined with market cap levels gives importance to the importance of the use of logarithmic analysis over the long-term. As the cryptocurrency goes for its run for the upside, the focus is placed upon the all-crucial structural milestones.

Having witnessed its history of explosive expansion, the token is about to tap into investors’ interest, laying the groundwork for the possible breakthrough towards its ambitious $1 trillion market capitalization goal.

State Street to Launch Crypto Custody as Citi Expands Digital Assets

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  1. State Street and Citi, top-tier global custodians, aim to establish a presence in the crypto custody market.
  2. State Street’s $46.6 trillion and Citi’s $25 trillion in assets under custody highlight the scale of their potential market impact.
  3. Regulatory shifts, such as the rescission of SAB 121, now allow banks to re-enter the digital asset custody space.

State Street, the globe’s second-largest custodian bank holding $46.6 trillion worth of assets under its custody, is tactically debuting its crypto custodianship business in 2025. The bank has not only continued exploring the space after being faced by regulatory hurdles previously,

After launching State Street Digital in 2021, the company initially partnered with UK-based Copper for custody technology. However, setbacks like introducing SEC’s SAB 121 in 2022 slowed their progress.

SAB 121 placed restrictions upon U.S. banks when handling digital assets, resulting in many players such as State Street halting activities in the arena. New breakthroughs such as the rescission of SAB 121 have opened the door for the banking sector to resume its activities in the arena.

To capitalize upon the rejuvenated opportunity, State Street partnered mid-year 2024 and appointed a new head for its digital assets to drive its expansion.

Citi’s Strategic Crypto Moves

Citi, the fourth-largest global custodian bank holding $25 trillion under custody, is also ramping up its activities around digital assets. Unlike the situation for State Street, however, the history of the bank’s activities around digital assets is many years old.

Notably, the bank also partnered with Singaporean firm BondbloX for fractional investment in bonds and rolled out its Citi Integrated Digital Assets Platform (CIDAP) during the year 2023.

Citi partnered with Metaco for its custody tech during the year 2022, the partnership being short-lived after the buyout by Ripple of Metaco. In spite of reports suggesting, that its growing list of experiments around blockchains and tokenized deposits is reflective of its commitment towards innovations around digital assets.

Regulatory Barriers and Breakthroughs

Both banks were severely constrained by SAB 121, limiting their ability for providing digital asset custody for nearly three years. The exception by the SEC gave the tipping point, and the custodians could now venture into this growing market.

The launch of the Bitcoin ETFs during the beginning of 2024 also increased the need for institutional-grade crypto custody, triggering the race for the main players.

State Street and Citi’s moves into the market for the custody of cryptocurrencies track the trend for the traditional banking sector. In the prior year, the largest custodian business, BNY Mellon, became the very first bank to secure an exception under SAB 121, setting the trend for the others.

Northern Trust and Standard Chartered were also proactive, showcasing the increased convergence of the banking sector towards digital asset innovation.

Binance Wins Big: Named Best Crypto App at APAC Awards 2024

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  1. Binance earned the “Best Crypto App” title at the Sensor Tower APAC Awards 2024, cementing its leadership in the crypto space.
  2. The platform has facilitated over $100 trillion in trading volumes since 2017, with unmatched growth in Asia.
  3. Binance’s 2024 milestones include ranking as the most-visited crypto platform and being named Fortune’s No.1 Asia FinTech Innovator.

Binance has claimed the “Best Crypto App” title at the Sensor Tower APAC Awards 2024, standing out as the only cryptocurrency platform recognized in this category. This accolade underscores Binance’s commitment to innovation, accessibility, and industry dominance.

The annual awards showcase the best apps of the year, with rankings made on the bases of downloads, revenue, user interaction, reviews, and overall contribution.

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With over 225 million global downloads and a 4.8-star rating, the exchange has led the rankings of monthly active users since 2022. The exchange’s performance has been exceptionally strong in Asia, where there has been growth in Bitcoin and other cryptocurrency adoption.

Binance Achieved Record-Breaking Growth in 2024

2024 has been a revolutionary year for the exchange. The exchange has shielded $150 billion of crypto assets and has had over $100 trillion of trading volume registered on its books since its establishment. Bitcoin has broken record after record this year, and this has resulted in record app downloads for it.

According to Sensor Tower, the exchange has excelled as a comprehensive crypto solution, offering trading, staking, and educational tools. Donny Kristianto, Principal Market Insights Manager at Sensor Tower, highlighted the app’s dominance, stating:

It stands out as the premier all-in-one crypto solution for trading, staking, earning, and learning. With over 225 million downloads worldwide, it has earned an impressive average rating of 4.8 stars and has led the monthly active user rankings in its category globally since 2022, with particularly strong growth in Asia.

Driving Innovation in Crypto

Binance’s commitment towards security and user experience has been replicated on a global scale. The exchange’s performance has not been confined to app performance. Cloudflare has designated the platform as the highest-visited cryptocurrency website of 2024 and ranks as the sixth highest-visited global financial services website. Binance has also been designated by Fortune as the No.1 Asia FinTech Innovator for its contribution towards decentralized finance.

Binance Leads the Future of Crypto Finance

As the world shifts towards accepting digital assets, Binance continues to bridge traditional and decentralized finance. With its customer-oriented approach and relentless pursuit of innovation, Binance isn’t just a platform, but a force transforming the future of finance.

Guinea Signs MoU with Tether to Lead Digital Transformation in Africa

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  1. Tether and Guinea sign a landmark MoU to explore blockchain and digital transformation.
  2. Focus areas include education, innovation, and sustainable technology for economic growth.
  3. The partnership aligns with Guinea’s Simandou 2040 program to lead Africa’s digital evolution.

Tether, the world’s leading stablecoin issuer, has entered into a partnership with the Republic of Guinea. This agreement, finalized under a Memorandum of Understanding (MoU), has been established with the objective of researching blockchain and peer-to-peer solutions for powering the country’s economic growth and digital revolution.

The collaboration becomes a major pillar of the overall strategy of becoming Africa’s leader in being a powerhouse of technology under its ambitious Simandou 2040 initiative. The MoU defines Tether’s commitment towards blockchain adoption on the pillars of education, innovation, and sustainability.

It aims to create a firm foundation for blockchain adoption in Guinea, with the City of Science and Innovation being used as a launch pad for capacity-building and knowledge transfer.

Strengthening Education and Local Talent

A core of this effort is the launch of training programmes for developing blockchain and digital skills locally. The programmes will be for both private and public spaces, with the vision of gaining widespread knowledge and skill-building.

Tether plans to cooperate with research and academic centers of Guinea with the aim of developing competence and generating a viable environment for technology and entrepreneurship.

Paolo Ardoino, CEO of Tether, said:

This MoU reflects our commitment to helping countries build resilient digital economies. Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation.

Innovation City Project and Economic Growth

The MoU also harmonizes with the national initiative of the country’s Innovation City, a programme for bolstering the country’s presence in the digital economy.

This dynamic space will be filled with research, entrepreneurship, and innovation, with the purpose of economic growth. With blockchain, Guinea intends to discover new means of being more efficient and internationally competitive.

M. Djiba Diakité, Presidency’s Minister and Head of Cabinet, underlined the significance of this alliance, noting that the MoU symbolizes a key step towards technological sovereignty. The initiative, he said, endows young people of Guinea with the skills needed to overcome global challenges and take advantage of opportunities of the age of the digital revolution.

Tether’s Broader Vision for Blockchain Adoption

Tether’s efforts in Guinea are supplemented with its international projects, including blockchain training in Türkiye, infrastructure development in Uzbekistan, and Bitcoin-related projects in the Middle East.

This collaboration reinforces Tether’s vision of enabling blockchain adoption on a global scale, in accordance with its goal of encouraging innovation and education.

With this partnership, Tether and Guinea will be charting the way for the use of blockchain by nations for realizing inclusive and sustainable digital growth.

Crypto Firms Face New Knowledge Standards Under ESMA’s Regulatory Push

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  1. ESMA proposes new guidelines under MiCA to ensure competence in crypto service providers.
  2. These standards focus on investor protection and market transparency.
  3. Final guidelines, shaped by stakeholder feedback, are expected in Q3 2025.

The European Securities and Markets Authority (ESMA) has published a consultation paper laying down extensive guidelines for crypto-asset service providers’ personnel for the purpose of acquiring minimum levels of knowledge and competence.

The proposal, under the Markets in Crypto-Assets Regulation (MiCA) regime, has been made with the objective of strengthening investor protection and trust in the quickly emerging digital-asset space.

Scheduled to be implemented on December 30, 2024, MiCA delegates the task of developing such regulations to ESMA. The regulator’s strategy targets crypto-specific issues such as asset volatility, cybersecurity, and low levels of knowledge of digital currencies.

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Crypto Guidelines for Information Providers and Advisors

ESMA’s proposed regime puts proportionality first, with requirements proportionate to the size and complexity of the service provider. The guidelines also distinguish between two main roles: information providers and advisors.

Information providers must be knowledgeable of the inherent natures of digital-assets, such as their fees and their volatility, and their related risks. They must also comply with minimum professional requirements and engage in continuing professional development (CPD).

Advisors face more stringent requirements. In addition to meeting the same minimum as information providers, they must also be experienced and knowledgeable in portfolio management and requirements of suitability. Benchmarks of experience and training have been created to ensure that advisors can best inform clients on crypto investments.

Organizational Responsibilities for Compliance

The guidelines also extend into organizational responsibility. Crypto-asset service providers must implement systems for their employees’ levels of knowledge, and these must be monitored and measured. The processes must be written down for purposes of facilitating observation by the regulator and maintaining conformity.

By mandating such requirements, ESMA intends to foster the contribution of the service providers towards reducing misinformation and reinforcing trust among investors. The requirements for such organizations also comply with the overall goal of creating a safe and knowledgeable environment for trading crypto-assets.

Stakeholder Feedback Shapes the Future

The consultation period, closing on 22 April 2025, asks industry participants for feedback on the draft standards. The anticipated deadline for finalized guidelines and publication of its report is Q3 2025.

These efforts represent a significant step towards crypto industry regulation, with the purpose of equipping investors with accurate advice and quality data. Imposing higher levels of knowledge and competence, ESMA hopes to lower the related trading risks of crypto assets and foster higher trust in this up and coming industry.

The feedback process will be critical in shaping these standards for purposes of addressing the varying needs of the crypto space and maintaining the stability of the financial environment.

Cardano’s DeFi TVL Climbs 13%: Key Drivers Behind ADA’s Growth

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  1. Cardano’s ADA price surged 126% in Q4 2024, elevating its market cap to $30.3 billion.
  2. Network activity spiked, with daily transactions up 65% and treasury value reaching $1.4 billion.
  3. Updates like Ouroboros Peras and Chang Hard Fork boosted scalability and governance.

Cardano experienced remarkable growth in Q4 2024, with ADA’s price increasing by 126% to $0.84. This surge pushed its market capitalization up 127% quarter-over-quarter (QoQ) to $30.3 billion despite a slight 2.2% drop in circulating supply. ADA’s circulating market cap rank climbed from 11th to 9th, aligning with the U.S. election’s impact on crypto sentiment and a rise in U.S.-based coins.

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Transaction fees also saw notable changes. While fees in USD jumped 254% QoQ to $1.8 million, ADA-denominated fees fell 60% to 2.2 million. This highlights the network’s growing activity alongside the token’s price appreciation.

Milestones with Ouroboros Peras and Chang Hard Fork

Cardano unveiled significant upgrades in 2024, starting with the Ouroboros Peras update in October. This upgrade introduced stake-based voting and faster transaction settlements, enhancing scalability alongside Hydra and Mithril solutions. The Chang Hard Fork, initiated in September, set the stage for on-chain governance under the Voltaire roadmap phase.

Phase one of the Chang upgrade introduced an interim constitution and a governance committee with veto powers. Phase two, planned for January 2025, will fully empower ADA holders to vote on governance proposals and manage the treasury. These milestones mark a critical step toward Cardano’s self-sustainability.

Cardano’s DeFi and NFT Ecosystem Developments

Cardano’s decentralized finance (DeFi) ecosystem witnessed impressive growth, with total value locked (TVL) rising 13% QoQ to $231.6 million. Liqwid Finance surpassed Minswap as the leading protocol by TVL, growing 141% QoQ to $113.6 million. Meanwhile, DEX activity surged, with average daily volumes up 271% QoQ to $8.9 million, led by Minswap and WingRiders.

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DApp activity remained robust, with Minswap dominating decentralized exchange (DEX) transactions. jpg.store, Cardano’s top NFT marketplace, accounted for 20% of DApp transactions, showcasing its stronghold in the NFT sector.

Stablecoins and NFTs Highlight Market Trends

Cardano’s stablecoin market cap grew 66% QoQ, reflecting the increasing adoption of assets like iUSD and DJED. However, NFT activity showed mixed signals. While average daily NFT trading volume in USD rose 86% to $78,900 due to ADA price gains, NFT sales volume and transactions saw slight declines.

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Despite these challenges, Cardano’s infrastructure upgrades and active DeFi ecosystem signal strong fundamentals, positioning the network for further growth in 2025.