Cardano DEX Trading Volume Increases, But Absolute Value Remains Small Cardano's DEX trading volume increased by 18.3% in the last 24 hours, reaching $12.7 million. The ADA price was $0.365. While the growth rate looks good, the absolute value is very small. $12.7 million ranks very low among all public chains. Compared to BNB's $1.941 billion, Cardano's is only a fraction. On-chain data shows Cardano's TVL is $172.8 million, a 0.06% decrease in the last 24 hours. The stablecoin market capitalization is $38.1 million, a 0.34% decrease in the last 7 days. 24-hour on-chain revenue is $3,726, application fees are $96,000, and application revenue is $4,344. The DEX's 24-hour trading volume is $6.3 million, and the 7-day trading volume is $46.09 million. These figures illustrate that Cardano's ecosystem is small. Although the technology has been continuously upgraded, users and developers haven't taken off. Cardano's problem is that it started too late, only launching smart contracts in 2021, by which time Ethereum and BSC had already dominated the market. Later, new public chains like Solana and Avalanche entered the competition. Cardano lacked both a first-mover advantage and overwhelming technological superiority, resulting in a lukewarm ecosystem. ADA's price is currently $0.365, down 88% from its all-time high of $3, leaving many early investors trapped. The investment logic for Cardano is largely based on the belief in founder Charles Hoskinson's technical prowess. If you believe he can create truly good products, you can hold it long-term. However, in the short term, the lack of catalysts makes it difficult for the token price to perform significantly.