Cardano ADA: Navigating the ’Ghost Chain’ Narrative and Future Prospects
As of November 2025, Cardano faces significant challenges with network activity and liquidity, raising concerns about its real-world utility despite maintaining substantial market capitalization. The blockchain's stagnant participation metrics and limited stablecoin supply have sparked renewed criticism about its ecosystem vitality, though the fundamental technology and development roadmap continue to evolve.
Cardano Faces 'Ghost Chain' Criticism Amid Sluggish Network Activity
Cardano's market performance mirrors the broader crypto downturn, but its on-chain metrics reveal deeper concerns. Network participation has stagnated, reigniting accusations of being a 'ghost chain'—a blockchain with minimal real-world usage despite its market capitalization.
Critics highlight glaring liquidity issues. With a stablecoin supply barely exceeding $30 million, Cardano's DeFi ecosystem appears anemic compared to rivals. 'This isn't just underperformance—it's a fundamental lack of adoption,' remarked one analyst, noting the chain processes roughly one transaction per second.
The most scathing assessment came from crypto observer @hantengri: 'A $62 million ICO, zero revenue, and maybe seven daily users across its entire DEX ecosystem.' Such critiques underscore the growing divide between Cardano's valuation and its utility.
Cardano Founder Hoskinson Warns Trump-Era Hype Disrupted Crypto Market Cycles
Cardano's ADA continues its downward trajectory as co-founder Charles Hoskinson critiques the Trump administration's impact on cryptocurrency markets. The anticipated regulatory tailwinds from Trump's pro-crypto stance have instead created market distortions, with speculative trading overwhelming fundamental valuations.
Hoskinson describes the phenomenon as a "rib-crushing hug" for the bull market, noting the traditional four-year cycle has been broken. Short-term traders reacting to headlines have created fragile price action, potentially causing the current cycle to peak prematurely.
The comments come amid broader concerns about altcoin performance. While institutional adoption continues, the market appears stuck processing the aftermath of accelerated capital inflows during 2025's policy shifts.
Cardano Breaks Key Support as Investors Shift to DeFi Presales
Cardano's ADA has breached critical support levels, with analysts eyeing $0.40 as the next potential floor. The breakdown follows months of declining value, exacerbated by a failed consolidation at $0.50. Technical indicators show no immediate signs of recovery, reinforcing bearish sentiment.
Meanwhile, investors are migrating toward DeFi presales like Mutuum Finance, seeking alternatives amid ADA's slump. The project's comprehensive DeFi toolkit has attracted capital flows typically reserved for established layer-1 protocols. This rotation reflects broader market dynamics favoring modular DeFi solutions over monolithic blockchains during corrective phases.
Cardano Faces Temporary Chain Split Due to Software Flaw
Cardano's blockchain experienced a brief chain split after a malformed delegation transaction exposed a bug in the network's node software. The incident occurred around 8 AM UTC Friday, causing a validation mismatch that led parts of the ecosystem to diverge temporarily.
Intersect, Cardano's governance organization, confirmed the split but denied claims of a full network outage. Block production continued uninterrupted, with the protocol remaining operational throughout the event. "The chain never went offline," emphasized a staking pool operator on X.
The issue stemmed from a faulty transaction that passed validation on newer node versions but was rejected by older ones. This created two parallel chains until developers resolved the conflict. Charles Hoskinson, Cardano's co-founder, addressed the incident shortly after detection, though his full statement was cut off in the provided text.
