Browsing: Cardano

The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin (BTC) rising above $65,000 on Tuesday, amid improving retail sentiment. Top altcoins, including Ripple (XRP) and Cardano (ADA), are gaining bullish momentum, while Dogecoin (DOGE) continues to consolidate, holding above a crucial support zone.

Cardano’s biggest problem right now is not ADA’s price, which is rising, but the DeFi economy beneath it, which is falling apart. App-level fees, the revenue that DeFi protocols actually earn, dropped 67.1% over the past 30 days, even as the Cardano price gained about 3.6%.