The State of Cardano Q1 2025 report by Messari was released some months after the formation of our Working Group. The report highlights the resilience and general good health of the Cardano Ecosystem, despite the broader market and geopolitical uncertainty affecting other digital assets.
Nonetheless, Messari's Q1 2025 report also points out a negative trend in Cardano's ROI, exacerbated when adjusted for inflation. This means that Cardano Incentives are trending down, for everyone, not just SPOs.
Messari's report further strengthens our motivations to pursue changes to Cardano's RSS.
Find the complete Messari Report here.