Cardano (ADA) Faces Challenges Despite Large User Base, Awaits Berlin Summit and Upgrade

ADA's user base remains strong, but interest and activity are waning. The upcoming Berlin Summit and network upgrade could spark a revival.

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2025 November 2 . 1:00 PM

1 min read

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Cardano (ADA) Faces Challenges Despite Large User Base, Awaits Berlin Summit and Upgrade

Cardano (ADA), once a leading player in the decentralized finance (DeFi) space, is now facing challenges despite its large user base. With around 1.3 million active users participating in staking, ADA is currently testing its support at the crucial $0.60 level.

Cardano's Total Value Locked (TVL) stands at $275 million, a significant drop from previous highs. Trading volumes on decentralized exchanges have also plummeted, indicating a decline in interest and activity. A recent analysis from November 2 suggests that ADA investors may need to take urgent action.

The upcoming Cardano Summit in Berlin, however, promises a potential turning point. The event could unveil new partnerships and use cases, breathing fresh life into the community. Meanwhile, the network is gearing up for the Ouroboros Phalanx upgrade, scheduled for November 1, 2025. This update aims to bolster the network's security and increase transaction speed by up to 30%.

The next few weeks are pivotal for ADA, with the $0.60 mark acting as a key support level. The Cardano community eagerly awaits the Berlin summit and the Ouroboros Phalanx upgrade, hoping these developments will strengthen the network and reinvigorate investor confidence.