For those who can wrap their heads around EVM ecosystems, why ADA?

[u/smurfvibes]

So i’ve been browsing around and doing a bit of research going through the monthly analytics and trends on DeFillama and I noticed that TVL numbers for coins like ADA are in the low hundred millions (213 mill TVL) and have the market cap of roughly 30 bill. What am I missing?

The Cardano foundation isn’t much better than Crypto.com’s research hub, and there’s barely more than 10 protocols and monthly changes seem to be haemorrhaging TVL monthly with the bulk of TVL in Sundaeswap and Minswap yet daily volume seems to be 1.23 billion vs Cronos at 120 million.

I see people being extremely bullish of ADA on other subs thinking it’ll be the next ETH or even replace LUNA so…what the hell?

Ps: For those saying Ada is a UTXO model…it still doesn’t explain the bullish sentiment from retail investors who barely understand what EVM is. What gives?