Prominent Ethereum competitor, Cardano (ADA), has dropped out of the list of the top 20 most popular blockchain ecosystems presented by CoinGecko.
CoinGecko, a website that shows various data regarding cryptocurrencies and non-fungible tokens (NFTs), published the list on X on March 20.
The list is topped by Solana (SOL), Ethereum (ETH), BNB Smart Chain (BSC), Cosmos (ATOM), and Avalanche (AVAX). Notably, Cardano is ranked 13th on the list despite the various efforts of the community to boost the activity on the blockchain.
Others in the list outperforming Cardano in terms of popularity include Arbitrum, Base, Sei, Sui, Polygon, TON, and zkSync. Polkadot, Metis, Fantom, Injective, PulseChain, Aptos, and Hedera come below Cardano in the list.
Cardano creator Charles Hoskinson has been actively engaging with the digital asset community and addressing FUDs surrounding the blockchain. He said that through the roadmap, Cardano seeks to achieve ambitious goals for the future with a focus on identity, partnerchains, and a unique programming model involving EUTXO.
Hoskinson also announced plans to integrate Cardano with Hyperledger Firefly, a multi-party system for enterprise data flows. The partnership is focused on bringing scaling solutions to the Cardano ecosystem.
Irrespective of these efforts, around 74% of the tokens on the Cardano blockchain are dead coins, and 72% of all crypto projects created during the 2020–2021 bull run have died.
On the other hand, the ADA token has dropped 11% in the past seven days as per CoinMarketCap data, while in the past 24 hours, the performance has been slightly positive with a 1.45% surge. The trading volume of the altcoin is down by 29.43%,% while the total market capitalization stands at $22.7 billion.
