Cardano Ecosystem
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| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
16 ADA 16Cardano | $0.1973 | 3.71% | −0.57% | −27.55% | $7.27 B | $8.88 B | $167.03 M | |||
76 NIGHT 76Midnight | $0.04274 | 0.10% | 7.10% | −7.71% | $709.80 M | $1.02 B | $106.77 M | |||
660 ERG 660Ergo | $0.2595 | −10.64% | −15.90% | −20.23% | $21.68 M | $24.99 M | $215,114.00 | |||
1038 IAG 1038Iagon | $0.01859 | 8.88% | 9.54% | −22.03% | $9.26 M | $18.59 M | $142,780.05 | |||
1190 STRIKE 1190Strike | $0.4013 | 2.64% | −10.22% | −28.83% | $7.22 M | $4.01 B | $19,432.26 | |||
1229 USDA 1229Anzens USDA | $0.996 | −0.25% | −0.24% | −1.41% | $6.73 M | $6.73 M | $75,220.00 | |||
2031 NVL 2031Nuvola Digital | $0.09973 | 6.92% | −1.68% | −35.02% | $1.71 M | $2.09 M | $1,162.22 | |||
2153 INDY 2153Indigo Protocol | $0.08997 | −0.17% | −8.89% | −35.46% | $1.44 M | $3.15 M | $5,176.57 | |||
2250 STUFF 2250STUFF.io | $0.0003903 | 3.16% | 18.47% | −44.27% | $1.30 M | $3.90 M | $1,117.90 | |||
2286 SURF 2286Surf Lending | $0.0624 | −4.44% | −2.10% | −31.75% | $1.25 M | $1.56 M | $10,473.61 | |||
3154 XER 3154Xerberus | $0.001507 | 4.33% | 5.30% | −2.85% | $449,219.96 | $1.51 M | $278.22 | |||
3423 WRT 3423WingRiders | $0.003524 | 2.98% | −2.71% | −36.24% | $339,999.59 | $352,400.00 | $38.90 | |||
3641 TITAN 3641TITAN | $0.01049 | 2.39% | 0.98% | −31.26% | $276,936.00 | $419,600.00 | $22.98 | |||
4172 SURGE 4172Surge | $0.006841 | 2.42% | −2.19% | −56.02% | $171,025.00 | $171,025.00 | $728.54 | |||
4602 BODEGA 4602Bodega | $0.00578 | 3.90% | −8.04% | −27.64% | $118,490.00 | $144,500.00 | $49.27 | |||
4657 RDT 4657Ridotto | $0.0004359 | 63.02% | −73.65% | −85.73% | $111,825.90 | $217,950.00 | $134.32 | |||
4680 BONDLY 4680Forj | $0.0001117 | 9.45% | 6.99% | −25.19% | $109,870.43 | $109,870.43 | $258.75 | |||
4799 CLND 4799Colend | $0.02409 | 11.37% | −30.97% | −36.21% | $100,583.85 | $2.41 M | $396.54 | |||
5094 OCC 5094OccamFi | $0.0009471 | 4.05% | 2.71% | −12.74% | $80,443.56 | $94,236.45 | $22.85 | |||
5343 ADAPAD 5343ADAPad | $0.0005232 | −4.74% | −7.01% | −35.31% | $61,550.48 | $65,750.32 | $398.62 | |||
6806 TPAD 6806TrustPad | $0.00007525 | 2185.83% | 2185.83% | −12.43% | $23,004.05 | $75,250.00 | $65.67 | |||
7193 ASTRO 7193AstroSwap | $0.00000488 | 0.23% | −5.13% | −22.17% | $16,720.63 | $18,538.96 | $1.10 | |||
7599 METERA 7599METERA | $0.00002428 | 2.49% | −4.86% | −29.40% | $12,190.63 | $24,280.00 | $11.65 | |||
7907 MELD 7907MELD [OLD] | $0.00000644 | 5.85% | 7.94% | 28.63% | $9,543.65 | $25,760.00 | $6.88 | |||
9537 GERO 9537GeroWallet | $0.0005504 | 0.07% | −7.68% | 686.73% | -- | $275,200.00 | $3.80 | |||
9812 YCT 9812Youclout | $0.0000151 | −4.25% | −19.81% | −85.73% | -- | $15,100.00 | $151.71 | |||
9887 SPIN 9887Spinada Cash | $0.0006908 | −1.99% | −1.99% | −2.01% | -- | $69,080.00 | $7.10 | |||
10161 SUNDAE 10161SundaeSwap | $0.0008191 | 4.14% | 2.37% | −30.96% | -- | $1.64 M | $851.77 | |||
10286 XRAY 10286Ray Network | $0.0005639 | 4.61% | 0.49% | −16.13% | -- | $183,223.65 | $44.21 | |||
10590 HUNT 10590Dexhunter | $0.003203 | 4.38% | 0.02% | −42.73% | -- | -- | $54.95 | |||
10689 FLDT 10689FluidTokens | $0.03183 | 2.40% | −4.62% | −40.31% | -- | $3.18 M | $1,935.94 |
Frequently Asked Questions
What is the Cardano ecosystem and its projects?
The Cardano ecosystem is the network of projects, tokens, and applications built on or connected to the Cardano blockchain — a proof-of-stake Layer 1 founded by Charles Hoskinson. The ecosystem covers DeFi, oracles, stablecoins, storage, and Cardano-adjacent partner chains. Tracking the Cardano ecosystem matters because ADA holders gauge network health through the depth and diversity of projects building on it. DropsTab tracks 25+ Cardano ecosystem projects, spanning native DeFi protocols and adjacent chains like Midnight and Ergo, filterable in one category view.
What are the top DeFi projects on Cardano?
The top Cardano DeFi projects span DEXs, lending, synthetics, and oracles. SundaeSwap (SUNDAE) and WingRiders (WRT) are the DropsTab-listed native decentralized exchanges (DEXs). Indigo Protocol (INDY) leads synthetics, Charli3 (C3) provides oracle data, and Flow Lending (FLOW) and Colend (CLND) form the lending layer. Cardano DeFi is structurally concentrated — a handful of DEXs drive most on-chain volume, with Minswap capturing the largest share of chain TVL as market context. DropsTab's category scanner filters these projects by function and structural metrics.
How is Cardano DeFi TVL measured and why does concentration matter?
Cardano DeFi TVL measures the total value locked across the chain's lending pools, DEX liquidity, and synthetic protocols. TVL concentration matters because it signals where liquidity and counterparty risk sit. Cardano DeFi is highly concentrated — a single DEX, Minswap, holds roughly a quarter of the chain's total TVL and over 70% of daily DEX volume, while most other volume flows through SundaeSwap and WingRiders. This concentration means Cardano DeFi liquidity depends on a small set of venues rather than broad distribution.
What is Midnight and why does it matter for Cardano in 2026?
Midnight is a data-protection privacy sidechain in the Cardano ecosystem, developed by Shielded Technologies, an IOG-affiliated company. Midnight uses zero-knowledge (ZK) proofs to build regulation-friendly applications that protect sensitive data, and the NIGHT token pays for network operations. Midnight is a Cardano-linked partner chain, not a native on-Cardano protocol. Midnight matters for Cardano because Midnight extends Cardano's reach into privacy-preserving applications without adding an on-ledger privacy layer to Cardano itself. Midnight mainnet genesis was produced on March 30, 2026, in a federated "guarded era."
How does the Midnight Glacier Drop distribute the NIGHT token?
The Midnight Glacier Drop allocates 100% of NIGHT supply — approximately 24 billion NIGHT — for claiming across eligible wallets. Eligibility spanned roughly 34 million wallet addresses across 8 blockchain ecosystems. Cardano is the single largest-weighted ecosystem at 50% of the allocation — 12 billion NIGHT reserved for ADA holders. The Glacier Drop claim window ran 60 days, opening on August 5, 2025 and closing on October 4, 2025. The ADA-weighted 50% allocation directly rewards ADA holders, tightening the economic link between Cardano and Midnight.
Who runs Midnight's network at launch?
Midnight launched with nine named node operators: Google Cloud, Pairpoint by Vodafone, MoneyGram, eToro, Worldpay, Bullish, AlphaTON Capital, Blockdaemon, and Shielded Technologies. This federated operator set defines Midnight's "guarded era" — a controlled model that precedes progressive decentralization. The named enterprise operators matter because they signal institutional infrastructure commitment to a Cardano-linked chain from its genesis block onward.
How many projects are in the Cardano ecosystem on DropsTab?
DropsTab tracks 25+ Cardano ecosystem projects across DeFi, oracles, stablecoins, storage, and Cardano-adjacent chains. The category anchors on Cardano (ADA) as the base layer, with Midnight (NIGHT) and Ergo (ERG) as adjacent chains. Cardano's ecosystem is small relative to major EVM chains, which concentrates activity in fewer flagship protocols. The exact project count shifts as listings change daily, so the durable figure is dozens rather than a fixed number. DropsTab's category view lists every tracked Cardano project with filters for function and market structure.
How can investors track Cardano ecosystem projects by market structure on DropsTab?
Investors track Cardano ecosystem projects on DropsTab through the category scanner, which lists all 25+ tracked projects with filters. The scanner sorts native DeFi protocols — SundaeSwap (SUNDAE), Indigo Protocol (INDY), Iagon (IAG), Charli3 (C3) — alongside adjacent chains. Vesting schedules and unlock calendars flag upcoming NIGHT and ADA-ecosystem token supply events. Fundraising profiles surface backer quality per project. Drops Bot alerts notify holders of unlock events and listing changes across the Cardano category in real time.