here's the gist of the latest @MessariCrypto report on Cardano. Let's break it down into three key points: - The first permanent Constitutional Committee was elected through community voting, proving the transition to a decentralized governance model under CIP-1694. - On the tech side, they showed off a cool protocol using BitVMX that lets Cardano smart contracts run on the Bitcoin network. They're also still pushing forward with core upgrades like Ouroboros Leios and Genesis to make the whole system more scalable and secure. - But here's the catch. the on-chain numbers took a hit. Trading volume and TVL on most DEXs went down, daily transactions dropped by 36%, and the overall TVL fell by 20%. The one bright spot was stablecoins, which actually saw their market cap grow by 6%. The core tech and governance foundation are taking a major leap forward, but the actual on-chain activity and growth are slowing down. It's pretty clear that the top priority now has to be bringing in more users and liquidity. We need more killer dApps and a real strategy to pull in users and cash from other ecosystems. The foundation is solid. Cardano is ready. now it's time to expand the ecosystem.