Cardano (ADA) fell 5.9% amid concerns about slowing staking participation and delayed network upgrades. On-chain data shows reduced transaction volumes in ADA’s DeFi ecosystem compared to rivals like Solana. Technical breakdown below $0.45 triggered algorithmic selling pressure.
Aptos (APT) dropped 5.6% following reports of decreased developer activity and competition from newer Layer-1 chains. Network metrics indicate a 15% decline in daily active addresses over the past week, raising sustainability questions. The sell-off accelerated after APT breached its 100-day moving average at $8.20.
Both assets suffered from sector rotation into large-cap tokens during market stress. Their higher beta characteristics made them vulnerable to liquidations in derivative markets, compounded by reduced risk appetite from institutional investors. Regulatory scrutiny of proof-of-stake tokens may have contributed to the underperformance.
