State of @Cardano Q2

• The first onchain Constitutional Committee election occurred under CIP-1694, shifting governance to an elected body

• @InputOutputHK + @FairGateLabs demoed Bitcoin DeFi at Bitcoin 2025 using @bitvmx + a UPLC-to-RISC-V compiler to run Cardano contracts on Bitcoin

• DEXs, Stablecoins, and NFTs remain core to Cardano’s ecosystem, with @CswapDEX and @strikecardano among the newest additions

Read the full report: https://messari.co/46vTV79

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