A look at how much the crash has affected the Cardano network performance.
Last week produced one of the sharpest crypto market crash events observed over the last few years. Now that the dust is clearing on that front, we shift attention towards the latest Cardano news.
More specifically, towards the Cardano founder Charles Hoskinson, whose net worth just became a major crypto news headline. Last week’s crypto market crash weakened Cardano investor confidence.
It also triggered criticism against Hoskinson for the network’s underwhelming performance in recent months. Charles Hoskinson responded to investor concerns, stating that he lost more than any other ADA holder.
According to the Cardano founder, his net worth was slashed by over $3 billion courtesy of the recent market downturn.
Hoskinson’s sizable loss reflects the extent of the damage that the Cardano native coin ADA price has experienced over the last few months. But despite the loss, he maintained a bigger picture approach, noting that his focus was not on the money,
ADA price has been on a bearish trend for months, just as was the case with most top coins. To put things into perspective, the Cardano-native coin fell as low as $0.22 on Saturday, marking a 20% plus slide during the week.
Speaking of weekly performance, Cardano price just concluded its 5th consecutive week in the red. It has been on a broader downtrend over the last 12 months, and is now down by about 77% from its highest point in 2025.
Even more surprising was that ADA’s press time price tag was down by 91% from its historic top achieved in 2021. As per the Cardano news updates, it was closer to its historic low than its historic high.
ADA price has so far spent more time near its bottom range than its upper half. The Cardano price downtrend resulted in the retest of its 3-year support.
This performance reflects dwindling investor sentiment around the cryptocurrency. The impact was also evident beyond price action.
While the Cardano price has clearly been struggling with weak demand, the impact was also felt in some of the key metrics of ADA. Bearish market conditions triggered an exodus of value from the network.
This was evident in Cardano’s total value locked, which retreated by 96% from $686.4 million at its December 2025 peak to $27.28 million at press time.
DEX volume also revealed limited spikes over the last few years. In other words, Cardano was not able to capitalize on DeFi growth as efficiently as some of its top rivals.
While the DEX volume has not achieved much growth over the years, Cardano address activity painted an even grimmer picture. Active addresses cooled down significantly in the last 3 years, suggesting a declining adoption rate.
Despite these concerns, Cardano has been making efforts aimed at boosting network activity and attracting positive growth. Midnight represents one of those developments, but it remains to be seen how it could impact Cardano in the long run.
In the meantime, ADA crypto currently trades at a hefty discount. This may be attractive for bargain hunters.
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