Cardano Reaches 110 Million Transactions, Shows Strong Community Engagement
Cardano has hit a major milestone, surpassing 110 million transactions. According too Cardanoscan data, the network has recorded 110.09 million transactions. This highlights the growing adoption adn usage within its ecosystem.
Currently, nearly 22 billion Cardano (ADA) tokens are staked across 2,992 active stake pools. This indicates a robust community involvement in maintaining network security and operations.
Despite the rising network activity, ADA’s market performance remains under pressure. The token saw a modest 0.9% increase to $0.6811 over the past day.However, it’s still down by over 11% in the last week.
Over the past 24 hours, ADA’s trading volume reached $541 million, up by 8.5%. in the derivatives market, open interest rose by 2% to $818 million, and trading volume increased by over 13% to $1.14 billion. This suggests more traders are betting on ADA, anticipating volatility.
From a technical standpoint, most indicators point to a bearish trend.ADA is trading below key moving averages, indicating continued downward pressure. If the $0.67 support breaks,the price could fall toward $0.65. A short-term reversal might occur if it closes above $0.72.
Growth on Cardano remains steady. The Cardano Foundation released its 2025 Ecosystem Guide, focusing on real estate and supply chain applications. Input Output Global also announced a collaboration with BitcoinOS to introduce decentralized Bitcoin rollups to Cardano using zero-knowledge proofs.
Brave integrated ADA support into its browser wallet, and Wanchain added cross-chain routes for stablecoins like USDC and USDT.Cardano-native stablecoins are expected to launch in 2025.
