Cardano's "ETH-Killer" Potential: Reality Check

dApp Deployment:

150+ dApps launched (2023-2024), but just 20% gain meaningful traction (e.g., Minswap, JPG Store).

TVL stagnant at ~$200M vs. Ethereum's $50B+, revealing adoption gaps.

Staking Dynamics:

70% ADA staked (4-5% yield), but rewards attract passive holders, not builders.

High decentralization (3k+ pools) slows upgrades vs. Ethereum’s agile L2s.

Verdict:
Cardano’s methodical growth ensures stability but lacks DeFi momentum to challenge Ethereum. True potential requires killer dApps—not just staking.