Cardano Isn’t Fading Away, DEX Aggregator Says As DeFi Metrics Rise
Cardano’s total value locked fell nearly 30% in June, dropping from $129 million to $92 million, alongside a 27% decline in ADA’s price. Despite that weakness, DexHunter says Cardano remains active, pointing to a sharp rise in DEX trading volume. Daily trading jumped from about 6 million ADA to 25 million ADA over four days, driven by activity in NIGHT, STRIKE, SNEK, and stablecoins like USDCx. Volume has since cooled to around 7.45 million ADA. Several Cardano-native tokens posted short-term gains, including ATLAS up 18%, STRIKE up 3%, and ASCEND up 1.2%, while SURF fell 2.67%. The upbeat trading data contrasts with broader concerns around Cardano, including ADA’s multi-year low, ecosystem setbacks, leadership quiet, and governance disputes.
