Cardano has faced a difficult year, with ADA down over 30% from its May highs and ecosystem growth lagging behind competing L1s. Is the ecosystem truly under threat, or just in a quiet building phase? Cardano's ecosystem is under threat – but not dead. TVL is stagnant, developer activity is declining, and competition is fierce. However, USDC integration, Midnight's potential, and whale accumulation provide a foundation. The next 6 months will determine whether ADA rebuilds or fades. #Cardano #ADA #DeFi #Ecosystem #CryptoNews #crypto #defi #web3 #Midnight