Cardano Foundation’s $15 Million Adoption Push Shows Limited Impact on ADA Price So Far
2025-07-10 16:14:29
Main Idea
The Cardano Foundation allocated $29.2 million in 2024 to expand its blockchain ecosystem, with $15 million focused on adoption efforts, but ADA's price and ecosystem activity remain underwhelming.
Key Points
1. The Cardano Foundation spent $29.2 million in 2024, with $15 million dedicated to adoption initiatives like the Barcelona FC partnership.
2. $22.1 million was invested in core operations, education, and infrastructure, while $7.1 million supported essential functions.
3. Cardano's assets totaled $659.1 million at the end of 2024, mostly held in ADA (76.7%) and Bitcoin (14.9%).
4. ADA's price has declined by approximately 50% from its November 2023 peak of $1.32, with low developer and user engagement cited as challenges.
5. The network's Total Value Locked (TVL) is $348 million, significantly lower than competitors like Ethereum, which has a TVL exceeding $20 billion.
Description
The Cardano Foundation has invested $15 million in 2024 to accelerate network adoption, yet ADA’s price remains subdued amid broader market challenges. Despite significant capital allocation towards strategic growth and
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