1️⃣ Cardano’s DeFi comeback is official. According to Messari’s State of Cardano Q3 2025 report, ecosystem TVL grew +22.8 % QoQ → $341.7 M, its highest level since 2022. And Liqwid Finance led the charge. 💧 Read the source: 📘 Messari – State of Cardano Q3 2025 🔗   💧 Explore Liqwid →

2️⃣ Liqwid dominates Cardano DeFi. Messari highlights Liqwid as the #1 protocol by TVL — up 50.8 % QoQ → $101.6 M, now accounting for ~30 % of total Cardano DeFi liquidity. Growth was driven by expanding ADA-backed lending and new stablecoin markets (USDM / USDA).

3️⃣ Stablecoins power the expansion. Stablecoin capitalization rose 21.5 % → $38.1 M — led by: • USDM $12.9 M (+17 %) • USDA $10.4 M (+4.8 %) • DJED $4.5 M (+6 %) • USDC $3.3 M (new entrant) Liquidity depth from fiat-backed assets is strengthening Liqwid’s collateral base.

4️⃣ Institutional & RWA tailwinds. Messari notes Cardano’s pivot toward real-world assets (RWA) and institutional DeFi readiness: • Cardano Foundation preparing an 8-figure ADA liquidity package • New RWA pilots (e.g., MembersCap $10 M program) • CIP-113 / 143 and agent-to-agent payment frameworks (x402, Masumi) Perfect future alignment for CGold + Direct Lending.

5️⃣ Stronger infrastructure & governance. With on-chain treasury governance live, Cardano funds now flow toward DeFi initiatives. Technical upgrades — Halo2 ZK verifier, Mithril v2, and NEAR Intents — improve scalability and cross-chain liquidity → ideal for future BTC DeFi expansion on Liqwid.

6️⃣ TL;DR for Aquafarmers 💧  Messari confirms it: • Liqwid = Cardano’s largest DeFi protocol • TVL and stablecoin flows at multi-year highs • Institutional and RWA rails taking shape • Perfect setup for LQ utility & protocol revenue growth