Popular crypto market observer and commentator Ali Martinez took it to X to criticize the popular blockchain network, Cardano, for its failure to deliver on many of its promises.<\/p>\n
Given the project\u2019s popularity, many of the comments below the post lashed out at his harsh words, but there were some that agreed with his statements.<\/p>\n
In a post titled \u201cThe Most Useless Network In The Crypto Market,\u201d Martinez began by indicating<\/a> that the Cardano DeFi ecosystem has never exceeded the coveted $1 billion mark. He added that it has \u201chistorically been only a fraction of what is locked on competing platforms like Ethereum.\u201d<\/p>\n A quick double check on DeFiLlama confirms his words, as the Cardano TVL in DeFi peaked last year at roughly $700 million. However, the value has plummeted to $136 million as of press time. In comparison, the TVL on Ethereum is currently at a whopping $55 billion, down from almost $100 billion reached last year.<\/p>\n Solana\u2019s TVL jumped to over $12 billion in September 2025, but it\u2019s down to $6.6 billion as of now. Martinez also compared Cardano\u2019s TVL with newer chains like SUI, which has already surpassed it with $568 million after peaking at $2.5 billion last year.<\/p>\n \u201cUnlike Ethereum, which has built a dominant position in DeFi, or Solana, which has captured high-speed consumer applications, Cardano still lacks a clear use case that consistently attracts users, developers, and investors,\u201d said Martinez.<\/p>\n He added that Cardano was officially launched nine years ago, but smart contracts were introduced in 2021, which allowed its competitors to \u201cbuild stronger network effects with more developers, applications, and liquidity.\u201d<\/p>\n He believes Cardano\u2019s research-driven model, which prioritizes academic review and formal verification, slows down product rollouts compared to other blockchains.<\/p>\n As mentioned above, the community was split after his post, with some bringing out<\/a> Cardano\u2019s liquid staking capabilities, while others agreed<\/a> to a large extent with his words.<\/p>\n Martinez also explained that blockchains that reach scale early tend to attract more capital and talent as this is a market \u201cdriven by adoption and network activity.\u201d This makes it \u201cdifficult for slower-growing networks to catch up once competitors establish a lead,\u201d which could be the main reason behind ADA\u2019s struggles.<\/p>\n The token peaked at over $3 in 2021, but it has fallen from grace since then, currently trading 91.7% away from those levels. Even the 2024\/2025 bull rally managed to drive it to as high as $1.30, and it now sits at around $0.25.<\/p>\n Martinez weighed in<\/a> on ADA\u2019s performance as well, suggesting that if it breaks the $0.245 support, it could plunge to the next ones at $0.112 or $0.021, which would represent another 50% to 80% decline.<\/p>\n The post Cardano Called the \u2018Most Useless Network in Crypto\u2019 as ADA Down 92% From ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Popular crypto market observer and commentator Ali Martinez took it to X to criticize the popular blockchain network, Cardano, for its failure to deliver on many of its promises. Given the project\u2019s popularity, many of the comments below the post lashed out at his harsh words, but there were some that agreed with his statements. […]<\/p>\n","protected":false},"author":0,"featured_media":140654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140653"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140653"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/140654"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ADA\u2019s Survival<\/h2>\n