• Cardano's Total Value Locked (TVL) has seen a 20% increase almost every month, indicating the growing popularity of its DeFi ecosystem.
• Large Cardano transactions exceeding $100,000 are on the rise, indicating increased engagement from institutional investors and Cardano whales.
• While TVL has grown, its previous all-time high remains far away, and a bull run may be necessary to push it towards $1.
• Despite this, the Cardano network is showing significant improvement, and could surprise investors with its efficiency during a bull run.

The article presents a mixed sentiment towards Cardano. While the growth in TVL and increased engagement from institutional investors and Cardano whales are positive developments, the article also notes that a bull run may be necessary to push Cardano towards its previous all-time high. However, the article ends on a positive note, highlighting the significant improvement of the Cardano network and its potential to surprise investors with its efficiency during a bull run.