DeFi Surges Could Lead Cardano Network to Surpass Ethereum

Recent data suggests that the Cardano network is gaining momentum and may soon surpass Ethereum in terms of growth, potentially shifting the power balance in the crypto economy. Despite being less public than its peers, the network’s innovative reputation has grown since its Hydra upgrade. According to Santiment Network Developer Activity, Cardano’s developer activity now ranks third, ahead of Ethereum. The network is well-positioned to attract new users, given Bitcoin’s congestion problem, with the total locked value of ADA coins on the network increasing exponentially. However, Cardano still needs work to gain mainstream acceptance and catch up to Ethereum’s popularity. Time will tell whether Cardano can leapfrog Ethereum by solving the Ethereum network’s congestion problem. The article stresses the importance of innovation and active development for success in the crypto industry.