Cardano (ADA) has made another headline this time to outperform Ethereum in its core development activities. Fresh data from Cryptometheus shows that Cardano has recorded nearly 21,500 Github commits over the past year. This activity spread across 550 repositories has made it the most actively developed blockchain in the past month.
This work highlights Cardano’s focus on its infrastructure and governance, particularly with the recent launch of CIP-1694 and Cardano Constitution.
Just: Cardano $Ada officially outperformed Ethereum across the core development commit over the past year. It leads all blockchains with GitHub activity. pic.twitter.com/vqfkr56akh
– Taptools (@taptools) May 25, 2025
But while developers are busy, Messari’s first quarter 2025 report looks more calmly at ADA’s recent market numbers.
Messari’s first quarter report: ADA’s market capitalization, price quarter
According to first quarter data from Messari, the ADA’s market capitalization fell to $28.8 billion in 21% quarter (QOQ). The price also fell to $0.66, slipping 22% over that period. Meanwhile, Cardano’s Defi Total Value Rocked (TVL) pulled back 29%, bringing the average daily trading down 28% to around 51,500.
One of the interesting bright spots in the Messari report: Cardano’s Stablecoin’s market capitalization actually rose to a QOQ of 30%, reaching $30.2 million. USDM and USDA are the main drivers of this ridiculous growth. In terms of pure ADA count, ADA staking activity is stable. However, the pile’s US dollar value fell 22%, directly reflecting the decline in ADA prices.
Related: Cardano’s Hoskinson: “Private Money” will be available in Argentina within the next 5 years
Technical Analysis: Where will ADA prices go next?
Looking at the chart below, the ADA is currently trading at $0.7733. It holds just above the important Fibonacci cluster and shows signs of strength despite the weak basics of Q1. Zones between $0.75 and $0.76 (lined at the FIB 0.382–0.236 level) exist as important support areas. The ADA’s immediate resistance is $0.8845 (FIB 0.786 level), while another hurdle is $0.9320 (1.0 extension).
Source: TradingView
Meanwhile, the balance of power (BOP) is hovered at +0.71, indicating underlying bullish pressure despite short-term volatility. Meanwhile, the accumulation/distribution (A/D) line remains strong at 51.74B, indicating that whales and smart money have not abandoned the ADA.
Hoskinson of ETH: Founders raise new questions about the future of Ethereum
Meanwhile, Cardano founder Charles Hoskinson is once again raising serious questions about Ethereum’s long-term relevance. He predicts that ETH could drop significantly within the next 10-15 years. Hoskinson believes that Ethereum’s reliance on Layer 2 solutions will ultimately suck up value from the basic layer, sparking internal conflicts, and will lead to users moving elsewhere.
Related: Charles Hoskinson, Vitaric Butarin reveals it beyond ZK-Proofs, Ethereum Design
Hoskinson criticized Ethereum’s architecture, governance, stake proof, accounting models and virtual machines as “self-injured.” Despite his harsh criticism, he welcomed Vitalik Buterin’s suggestion to replace the Ethereum virtual machine with RISC-V.
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.