CardanoQ3 data reveals strong ecosystem rise, Decentralization governance takes a crucial step

Coin World News, recently, Messari has released the latest Cardano Q3 report, showing significant progress in Decentralization and ecosystem expansion. The report indicates that Cardano has successfully completed the first phase of the Chang hard fork, marking a key moment for ADA holders to officially embrace complete on-chain Decentralization governance, laying the foundation for future on-chain decision-making. In terms of data performance, the Cardano ecosystem continues to release its potential. The Total Value Locked (TVL) of Decentralized Finance (DeFi) rose by 13.3% to reach $231.6 million. Liqwid protocol stands out, with its TVL rising by 77.2%. In addition, the Market Cap of Stable Coin USDM surged by 145.5% year-on-year, further consolidating Cardano’s competitiveness in the Stablecoin field. The platform’s overall revenue increased by 31.2% to reach $5.1 million. These data demonstrate the steady development of the Cardano ecosystem and its continuous breakthroughs in Decentralization governance, Decentralized Finance, and the Stablecoin market, showing strong rising momentum and future potential.