Cardano Hits 2,000 dApps Milestone But Whales Dump $170M Worth of ADA in Days

• 2,004+ dApps now built on Cardano.
• 10.8M native tokens issued, a Layer-1 record.
• Developer activity up 33% week-over-week.
• ADA price down 4.63%, trading at $0.63.

Cardano’s latest weekly development report (IOG, June 13, 2025) highlights rapid ecosystem growth. The network now hosts 2,004 projects (dApps) – up from 2,002 the week prior.

Native token issuance has surged to 10.83 million – a layer-1 record – under some 216,879 policy IDs. Delegation is also robust: about 1.33 million wallets are staking ADA.

Cardano Developer Activity|Source: IOG

On-chain activity is high: roughly 138,365 Plutus scripts (smart contracts) are deployed (including 7,213 Aiken scripts), and the ledger has processed 110.43 million transactions.

Cardano Developer and Governance Activity

Developer contributions jumped sharply. The IOG report shows 278 GitHub commits in the past week, a 32% increase from the previous week.

Cardano’s validator community is expanding too. There are now 1,352 registered DReps (delegated representatives) – up about 0.44% week-over-week.

These DReps oversee the network on behalf of roughly 1.33 million delegating wallets. By late May 2025, about 963 of these DReps were active on-chain. In short, both developer momentum and governance participation are trending upward.

ADA Price Analysis

Despite these on-chain gains, ADA’s market price has softened recently. At this time, ADA price traded near $0.6, down roughly 16% from a week earlier. This pullback reflects broader crypto market weakness and profit-taking in early June.

ADA 7-Days Chart|Source: CoinMarketCap

Cardano’s Total Value Locked (TVL) in DeFi is meanwhile approaching the $300 million mark – around $295.7M according to DeFiLlama.

At the start of the week, major ADA holders—wallets with 100 million to 1 billion tokens—added 120 million ADA to their positions within 48 hours.

But that trend quickly reversed. According to analyst Ali Martinez, these large holders sold over 270 million ADA in the following days, worth more than $170 million.

This sharp sell-off increased market pressure, prompting smaller investors to follow. ADA’s price dropped from $0.71 to below $0.62 before recovering slightly to $0.636.

Some analysts caution that ADA could fall further to around $0.50 if it fails to break out of a forming head-and-shoulders pattern. 

While geopolitical tensions involving Iran, Israel, and the U.S. may contribute, internal market dynamics are also likely factors.