Cardano’s DeFi stagnation stems from coordination and governance challenges, not technology, Charles Hoskinson said, noting that despite 1.3 million active ADA stakers, most don’t engage in DeFi. This creates a liquidity “chicken and egg” problem. To break the loop, Cardano is focusing on RealFi and Midnight to link ADA with Bitcoin and real-world lending, aiming to attract external capital. Though DeFi TVL remains low at $271 million versus Ethereum’s $85.5 billion, development activity has surged. ADA trades weakly at $0.60, below key EMAs, with bearish momentum and minimal inflows.