Cardano spent $15m on adoption: Will ADA price go up?
2025-07-10 16:19:21
Main Idea
The Cardano Foundation has invested $15 million to boost network usage and adoption, but ADA's price remains stagnant despite these efforts.
Key Points
1. The Cardano Foundation spent $15 million on adoption efforts, including partnerships like the one with Barcelona FC, as part of its total 2024 expenditures of $29.2 million.
2. Out of the total expenditures, $22.1 million was allocated to education, and $7.1 million was dedicated to other initiatives.
3. The Foundation's assets at the end of 2024 were $659.1 million, with 76.7% in ADA, 14.9% in Bitcoin (BTC), and 8.3% in cash and other assets.
4. Despite the spending, ADA's price has declined by 50% from its December highs, currently underperforming compared to its yearly peak of $1.32 in November.
5. Cardano has only 49 developers and a total value locked (TVL) of $348 million, significantly lower than Solana's 232 dApps and over $20 billion TVL.
Description
The Cardano Foundation has spent $15 million on efforts to boost network usage, but ADA’s price has yet to pick up. Efforts to boost Cardano’s (ADA) price have yet to bring consistent returns. On Thursday, June 10, the Cardano Foundation released a report detailing its spending in 2024. According to the report, the Foundation spent $15 million on adoption, which includes flashy deals like the one with Barcelona FC. The report details that total expenditures for 2024 were $29.2 million. Of this, ...
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