Despite the recent market slowdown, Cardano's transaction metrics have shown healthy growth, indicating potential for the network. While retail buyers have been interested in ADA, larger investors have yet to join in. The network's transaction count has rebounded by 33.45% from its lowest point in the past year, and transaction volume has reached a three-month high. The layer 2 scalability network called Hydra is expected to continue to grow positively. However, the largest whale category has reduced their holdings since mid-May, contributing to sell pressure and lower investor sentiment.