ADAUSD
Cardano / United States dollar
crypto Composite

Spent some time going through the Cardano Foundation’s 2025 report and it kind of changed how I’m looking at ADA tbh.
I think a lot of us (me included earlier) are subconsciously treating it like a “cycle coin” — expecting the usual pattern of narrative → hype → price. But the way things are actually being built here feels very different.
Most of what’s happening right now is still very foundational. A lot of focus on infra, governance, identity, early enterprise stuff. Not really optimized for liquidity or DeFi activity the way some other chains are. Which probably explains why on the surface it feels like “not much is happening”.
Also the ambition itself seems different. It’s less about competing in DeFi and more about things like identity, real-world assets, governance systems. That’s a much bigger game, but also a much slower one.
And I guess that’s the part that’s a bit uncomfortable — timelines here are just not going to match typical crypto expectations. If the bet is on governments, institutions, real-world use cases… those things don’t move fast, and they don’t show up in price immediately.
So maybe the mismatch is not that “nothing is happening”, but that we’re expecting the wrong kind of signals.
If this works, it probably won’t look like a sharp rerating. It’ll be gradual, uneven, and tied to actual adoption (which takes time). And if it doesn’t work, it’ll likely just keep feeling slow and underwhelming.
Net-net, it just feels less like a short-term trade and more like a long-duration bet.

But the reason why they don't want to be paid in ADA is probably the same reason why this sub would have a meltdown if.

Cardano (ADA) & the Dust | Cardano Rumor Rundown #823 - Army of Spies

Would be hilarious just to watch this sub meltdown if they wanted to be paid in ADA

Midnight partner chain is live, specifically with Monument Bank tokenizing £250M in retail deposits on the network. While Ouroboros Leios is still the upcoming "final boss" for scaling, the ecosystem already proved its capacity by successfully processing tens of millions of transactions during the recent "Midnight City" simulation. Between native USDCx liquidity and CME ADA Futures going live, Cardano has officially transitioned from academic research to a functional institutional powerhouse
https://midnight.network/blog/midnight-city-simulation-live
https://finance.yahoo.com/markets/crypto/articles/why-banks-exploring-cardano-midnight-114955127.html
Also to mention, the Cardano network can now be used as a smart contract layer for Bitcoin: https://blog.bitcoinos.build/blog/bos-unveils-charms-the-universal-token-standard-for-bitcoin-and-utxo-blockchains

Why? What did I miss. Not following ADA for months.

ADA is a ghost chain

"Was thinking maybe I need to update my bitbox?"
==> Yes, always make sure you're running the latest device firmware, latest version of the native software/updater (which gives access to the latest firmware), etc.
"And is there a difference between testnet adalite and adalite direct website?"
==> Yes; testnet is - for all intents and purposes - a different blockchain which uses testnet assets, e.g. tADA (test ada) which is not the same as ADA, along with testnet addresses (addr\_test1xxx...). You'll open a completely different wallet if you connect to testnet vs. mainnet. Are you connecting to AdaLite's testnet wallet? If so, please connect to [adalite.io](http://adalite.io) instead, then try again.

Here’s to hoping ADA eventually comes back 🤞

Buy ADA and stake it

Sell all, buy ADA, hold

probability of snap going 7x is still higher than ADA sending you pics 

You will receive your normal $ADA staking rewards and $NIGHT rewards. The claim process is to be announced but hopefully it will be automatic.

Found it, the order is still open and there is a cancel button. Is the USDA supply that low for the swap to take this long? I always assumed USDA is the defacto stablecoin for ADA.
What should I do, any better way to swap than the built-in Yoroi option?

Converting ADA to USDA in Yoroi

Are the NIGHT rewards alongside of or replacing traditional ADA rewards? Where are they claimed?

Look, I'm a long, long time ada holder and a Cardano enthusiast but...
Charles himsef has said that Midnight didn't need Cardano (forever) and that that was how it should be.
I may be wrong but my thinking is:
He created a blockchain that struggles to increase adoption and everything you want to do there takes ages because it's so puristic and not easy for devs to build on. He made a mistake when setting up Cardano foundation and Emurgo and now his hands are much more tied than they could be. He can't touch the money CF has.
Since he cannot say it directly: hey guys, remember the chain that I told you that it was build for the next 100 years? Well it turns out the tech has improved so much that it makes more sense to build something from scratch that will be faster to develop on, have privacy by default and I'll get 35% of token supply...or whatever the number is, but it's much higher than what all 3 entities got when founding Cardano which was 17%. Can't blame the man. You live, you learn.
Clearly, everyone would call him names or worse for leaving Cardano so what could he do? Well, he created a blockchain that is (currently) tied to Cardano and presented it as a "partner" chain. Note, maybe Night will stay as a partnerchain "forever" but it's designed to live on it's own should the circumstances direct that. So, back to building part. He throwed in some rewards for people to not freak out and took advantage of Cardano stakepool operators so they get an additional income and they don't freak out either. He also got reliable operators to launvh the network. If he split from Cardano entirely that would be much harder to do as the resentment would be enormous. He couldn't find a new community. He had to work with what he already had.
Now, if all that is true then I think he did almost the right thing given the circumstances. A soft "hardfork", where the hardwork is not the classical hardfork we know but a split from the old chain to the new chain.
The only issue I see for us as Cardano community is: We're back at the beginning now. We don't know how the market will accept a second blockchain even if it's better than Cardano. There's always competition out there. And we don't know how friendly and easy to work with it is. Back to almost "the right thing":
I think the amount of Night he controls is too big. It puts us in the same category as SUI and similar VC chains...There will be a lot, lot of emissions.
Now again... He says he invested $200 M to build Midnight. OK. Where did he get that money? By selling ADA at the top. He knew exactly that the ecosystem wasn't ready for building dapps but he hyped the smart contracts release for ada to reach $3. So he got billions and instead of investing back into the ecosystem he diversified into multiple non web3 companies. Usually entrepreneurs get rich by building companies and products that are commercially successful. I leave the answer whether Cardano is successful to you. If $3.10 ada means success to you OK but to me that's not success it was just a mixture of greed and people believing in the Cardano's success.
So where do we go from here. Let's say I'm an investor. I have $100 bucks. Before Midnight, I as an ada holder, would buy ada for that money. Now I'm tempted to split my money. Institutions need privacy. Which chain will they pick. What can I do on Cardano, that I cannot do on Midnight? What can I do on Midnight that I cannot do on Cardano? How well is Cardano connected to other chains vs Midnight?
Charles will make money again whether Midnight is adipted or not. What about you anon?
I applaude his ingenuity and I belive he wants to build good products for humanity. That was never the issue. But we carry most of the risk. He did an extremly good thing to give some Night to ada holders "for free" but let's not forget that's not an equivalent to what we hold on Cardano and it will probably not be enough to cover our losses on Cardano if it fails.

Pretty sure that Night still needs Cardano block chain to take advantage if the chains benefits but that doesn’t mean anyone needs ADA. I’m not certain but why use ADA if night runs on Cardano. What benefit is ADA?

Been in the crypto game since 2020. Invested in VET, ADA, XRP.
I have never actually put money in BTC however. Thinking about doing it. Do we think it'll dip further or should I just go for it now?

Midnight mainnet launched just a couple of days ago, and I understand that SPOs who run Midnight validator nodes are supposed to share NIGHT block rewards with their ADA delegators on top of the normal ADA staking rewards.
I’d like to switch to a pool that’s already paying out NIGHT.
I’ve seen mentions of these pools:
• Official YOROI pool
• Bloom (BLOOM / BLOOM4 etc.)
• BBHMM
• NIGHT pool
• Atrium / Diffusion basket
Which ones are confirmed live and paying NIGHT right now?