Lark Davis: Cardano (ADA) Went to $90 Billion Without Smart Contracts Last Cycle

Cardano’s potential for substantial market growth is gaining renewed attention as its smart contract capabilities become fully operational and real-world applications emerge. Crypto analyst and YouTuber Lark Davies recently highlighted this point, explaining to his hundreds of thousands of subscribers that the digital asset’s market cap surpassed $90 billion in 2021 despite lacking smart contract functionality. This achievement suggests that the blockchain’s current development phase could lead to even more significant value creation. According to Davies, the community needs to think bigger. JUST IN: Lark Davis says ” #Cardano $ADA went to $90B without smart contracts last cycle. Think bigger.” pic.twitter.com/8kloTjyKZK — Angry Crypto Show (@angrycryptoshow) April 28, 2025 Growing Developer Engagement in Cardano The Cardano ecosystem has witnessed a notable increase in smart contract deployments, with data from TapTools showing that over 130,000 contracts have now been launched on its mainnet. This surge in activity indicates that developers are actively building decentralized applications (dApps) across various sectors. The expansion of smart contract usage is expected to enhance Cardano’s utility, driving higher transaction volumes and increasing the total value locked (TVL) within its DeFi ecosystem, essential metrics for assessing blockchain economic strength. With recent developments like Midnight , which allow for zero-knowledge smart contracts, the ecosystem could grow further. Protecting sensitive user information could attract developers looking to create more complex dApps and users looking for an ecosystem they can trust. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Network Reliability Remains a Core Strength Cardano’s reputation for stability and reliability further bolsters its appeal. Frederik Gregaard, CEO of the Cardano Foundation, has emphasized that the blockchain has maintained uninterrupted operation since its inception in 2017, without missing a single block. This level of consistency is notable, especially given the extensive code updates Cardano has implemented over the years. Such resilience positions Cardano as a dependable platform for developers and users, distinguishing it from other networks like Solana that have experienced outages or technical issues. Increasing Market Optimism The possibility of a spot ADA exchange-traded fund (ETF) approval has also contributed to a more optimistic outlook for Cardano. The appointment of Paul Atkins as chair of the U.S. Securities and Exchange Commission (SEC) has sparked increased speculation about forthcoming crypto ETF approvals. Supporting this sentiment, prediction market data from Polymarket reveals that the chance of an ADA ETF approval in 2025 has climbed to nearly 46%. While this is lower than other prominent assets like XRP with an 83% chance , it is still notable and has excited many market participants. Cardano seems to be on the brink of a massive rally, and all these positive developments could help push the asset to new heights in 2025. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Lark Davis: Cardano (ADA) Went to $90 Billion Without Smart Contracts Last Cycle appeared first on Times Tabloid .

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