Despite negative market sentiment, Cardano's network activity and decentralized finance landscape have experienced significant growth in May, with around two million transactions on the chain so far this month. Developers are continuing to enhance the network's features, including wallets, scalability, and node functionality, which has led to a steady rise in development activity and boosted ADA's value proposition. However, ADA's volatility has decreased in recent weeks, resulting in reduced speculative interest and a narrower trading range.