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New Delhi [India], January 19: As Cardano continues to disappoint investors with a never ending parade of delays, failing to deliver on years of lofty promises, a new challenger has emerged to seize the decentralized finance crown. Retik Finance offers the real-world utility and innovation that Cardano lacks, providing crypto holders the solutions they have waited patiently but fruitlessly for ADA to provide. With advanced DeFi products ready for launch and a quickly expanding ecosystem, Retik seems poised to eclipse ADA's stagnated dreams. But can the upstart convince cryptocurrency holders and investors to finally abandon their hopes in ADA and shift support to an ecosystem for both today and the future rather than another set of half empty guarantees?

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Cardano (ADA): An Unfulfilled PromiseCardano burst onto the crypto scene in 2017 with lofty goals of becoming the most scalable, secure and efficient blockchain platform. However, despite years of development and billions of dollars invested, Cardano has failed or even delayed delivering on its promises.For instance, Cardano rolled out smart contract functionality like smart contracts long after competing projects like Ethereum. Even after the Alonzo upgrade enabled smart contracts in 2021, there has been little real adoption from developers due to other limitations, like a complicated programming language.Making matters worse, Cardano's native ADA token has plunged over 80% from its all-time high and continues to trend downward. With no major applications deployed on the platform, little revenue being generated, and rewards for staking decreasing over time, ADA holders have little incentive to keep holding the token.

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)