Cardano (ADA), once a crypto star, collapses to 0.16 dollars in 2026. The project led by Charles Hoskinson is today reduced to the status of a ghost blockchain. Why this fiasco? Analysis of the causes and the uncertain future of ADA. In June 2026, Cardano (ADA) fell below 0.16 dollar, wiping out 85 billion dollars from its market capitalization since its peak of 3.08 dollars in 2021. The reasons? A glaring lack of adoption. Indeed, its TVL (Total Value Locked) in DeFi dropped from 700 million dollars to only 90 million! Moreover, its annual revenues do not exceed 355,000 dollars, which is negligible for a crypto project valued at 5.8 billion dollars.