I think we’re so close to a reversal and this won’t last until October. If I’m wrong about that, I’m sorry.
But I think this is almost over. That could mean a couple more weeks.
But almost over.
What matters long term is not short-term market sentiment, but whether an ecosystem continues to build meaningful infrastructure and attract real adoption.
Cardano today has:
Decentralized Governance operating at scale through CIP-1694 and on-chain voting
One of the strongest open-source communities in the industry, with contributors building across research, protocol development, tooling, and applications worldwide
Institutional Transparency anchored directly on-chain, where governance actions, treasury activity, and ecosystem operations are publicly verifiable
Growing DeFi initiatives including
Bifrost by Fluid Tokens
Pogun by IOG
Sundial Protocol
Charms
BTC Karma
Expanding RWA and digital identity infrastructure through projects like Veridian and tokenization initiatives across multiple regions
Global public/private sector collaborations spanning education, telecommunications, digital identity, and blockchain infrastructure
Examples of transparent on-chain activity already visible today include:
DRep registrations and governance actions
Treasury withdrawals and constitutional committee activity
Ecosystem and partner network activity
Native asset issuance and RWA directly on London Stock Exchange
20.000 farmers in India combining satellite data, identity, education and industry
Everything verifiable. Everything auditable. Built in public.
The work continues.
Cardano is run, owned, and it's future is decided on by ADA holders.
That is the beauty of a decentralised blockchain, and another positive of Cardano.
We are happy to announce a Cardano x Draper Dragon x Bitcoin side event to Token2049.
Funded by Cardano Foundation and Draper Dragon.
We look forward to sharing more details soon.
Thanks for the X space Draper @OrionFund team!
10th highest defi token on Cardano by market cap heading into our mainnet launch
We’re coming with a full suite of products that should cement us as a DeFi powerhouse on Cardano and Midnight 🔥
- privacy DEX
- Moonlight bridge
- new product that should print cash
Ready? 👀
The truth hurts sometimes...
Reality is teams/projects in blockchain, not just Cardano, weren't forced to run lean enough.
ICOs, Early Raises, and Grants caused companies to scale irresponsibly, miss-manage capital, and have no path towards sustainable revenue.
Not pointing my fingers at anyone specifically but it's a clear issue I have seen across many companies, and blockchains.
I'm not saying I am some kind of business guru or prophet but I am saying that I have lived the reality of what businesses are facing for over 2 years now. We had to make cuts, sacrifice salaries, rebalance infrastructure, and most importantly, hunt our own food. We survived because we made hard decisions and built real revenue off of services and tools.
Outside of blockchain, you constantly hear stories about the entrepreneur who sacrifices everything for their dream. I mean, just go watch an episode of Shark Tank. I tried to embody this to give our team the chance to scale and grow. Gave up my salary, my co founder did as well. We only spent money the last 3 years outside of payroll on RareEvo. I'm no hero for that, I just figured that was the reality of running a business and everyone else in the space was dealing with similar. Boy was I wrong lol. Not saying you have to necessarily struggle to know success, but hitting rock bottom and having to really grind it out changes the way you operate.
You won't see me committing to doing a thousand new features for Wayup. It's not realistic in this market with the revenue that the platform produces. We ran Wayup at a net loss of $1800 a month for almost 2 years to get here. Business requires balance and thankfully the work we were doing at Anvil helped us keep it alive for so long. When the revenue allows for us to hire a part/full time dev, the features will start shipping. Want the features faster? Fundraise it. That's what real business do, but they typically start with a revenue producing vehicle.
Maybe this is the exodus we are currently seeing in our space. Maybe I'm wrong. Without knowing companies full financials, I can only imagine this to be why. And honestly, I can't blame someone for wanting to build and have a salary. If you want talent, eventually it has to have opportunity. That's what made Cardano so great, the idea of opportunity, and the reality of it. The sinking reality is that opportunity is leaving and being found elsewhere.
There's one thing I know for sure. Cardano itself should be focused on revenue. Everyone, and the treasury itself, should be working towards more than transactional volume to the treasury, this is how we win. Loans, Rev-shares, direct shares, any means necessary we need to start treating Cardano as a whole as a business.
Charles gave me a great idea earlier in an X space. If the research budget is $5mil in the hole, and we have the best researchers in blockchain, why don't we take advantage of that and start doing research for other chains? Call me crazy but seems like an actual opportunity because I do believe we have great researches and I do not want to see them leave. Cardano treasury could fund the Cardano based research, and subsidize pricing to be competitive to other chains. Then there could be a potential rev share opportunity to rebalance the treasury.
These are the type of initiatives I think people would really rally behind and make Cardano more valuable. It would set a really good public image that people are willing to work with Cardano and actually do respect our research driven approach.
Regardless of what happens, if we don't start leaning out the end result will be inevitable. I look forward to the responses here and have enjoyed the course of many conversations over the past few days.
Call me a shill, call me whatever you want but if you agree with me delegate. I'm making it a point to get more delegation and push my vision of Cardano.
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The crypto industry is nothing like we thought it would be at this moment.
But crypto does that.
It surprises you in every way.
I most certainly will not give up now.
Crypto will once again surprise us in its own way.
V2 is cooking 🛥️
Back to back days with $3M volume
Back to back days with 15,000 trades
Back to back days with $500k open interest
But we want more…
Faster 🏎️
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Who’s securing their entry today?
The disclosure era feels like watching a puzzle come together in slow motion 👁️🛸
Until the bigger picture becomes impossible to ignore 👽
$Aliens are real