Messari has published the Cardano Q2 2025 Report, outlining the progress of governance, debt, funding, cardano prices and ecosystem growth.
Cardano usage fell in the second quarter, with ADA’s market capitalization down by 13% QOQ to $20.7 billion
Cardano NFT sales increased to 250 in the second quarter in 5% QOQ (quarter to quarter).
Crypto Research Platform Messari publishes the status of the Cardano Q2 2025 report, outlining the network’s progress in governance, defi, funding, and ecosystem growth.
In June, Cardano held its first chain election and formed a constitutional committee tasked with reviewing and approving the governance changes. This marked a transition under the CIP-1694 model, moving governance from developer-led to community-led.
Intersect Governance Group has approved a budget of 275.3 million ADA, directly managed on-chain. Millions of ADAs have been allocated to support buildings for new projects within the Cardano ecosystem.
The report also mentioned Glacier Drop Airdrops on the Midnight Network. It distributed night tokens across eight blockchains to 30 million wallets. Additionally, the launch of Veridian and Reeve at the Cardano Foundation demonstrated the continued expansion of Cardano’s Defi Ecosystem.
Cardano market outlook for the second quarter of 2025
This report summarizes Cardano’s market outlook for the second quarter.
“Despite its broader strength in the crypto market, Cardano usage fell in the second quarter. The ADA market capitalization fell by 14% to $0.57, down 13% to $20.7 billion, with a decline in price, resulting in a decline in performance in the layer 1 sector, earning 16% over the same period.
Unlike Cardano’s use of ADA, NFT sales increased to 250 in the second quarter in 5% QOQ (quarter to quarter). During this period, JPG.Store remained Cardano’s top NFT marketplace in terms of transaction volume. It even became the fifth most popular Cardano Protocol in the second quarter.
