Crypto -research platform Messari has published its State of Cardano Q2 2025 report, which explains the progress of the network in governance, Defi, financing and ecosystem growth.
In June, Cardano held its first elections on the chain to form a constitutional committee that is responsible for revising and approving the changes in administrative changes. This meant a transition under the CIP-1694 model, which means that the management of developer was led to community conducted.
The Intersect Governance Group approved a budget of 275.3 million ADA, immediately managed on the chain. Millions of ADA were assigned to support new projects that were built in the Cardano ecosystem.
The report also mentioned the Glacier drop Airdrop of the Midnight Network, which spread nights to 30 million portfolios over eight block chains. In addition, the launch of Veridian and Reeve on the Cardano Foundation demonstrated the continuous expansion of the Cardano Defi Ecosystem.
Cardano’s market front views in Q2 2025
The report summarized Cardano’s market forecasts in Q2, which shows that despite all the efforts it has made, the actual was still confronted with a large decline.
According to the report“The use of Cardano decreased in Q2, despite a broader force in crypto markets. The market capitalization of ADA fell by 13% QoQ to $ 20.7 billion, because the price dropped by 14% to $ 0.57, under performance the low-1 sector, which dropped 16% over the same period. Deals 45% dropped 45% to $ 45% to $ 45% to $ 45%. 31,200. ”
In contrast to the ADA use of Cardano, the NFT turnover increased by 5% QOQ (quarter to quarter) to 250 in Q2. During the period, the JPG.store remained the best NFT marketplace of Cardano in terms of transaction volume. It even became the fifth most popular Cardano protocol in Q2.