Cardano (ADA) network activity barely changed after the Leios Musashi Dojo testnet went live on June 23, with daily transactions near 25,000 and active staking addresses around 5,000, a 120-day low. According to BeInCrypto, the testnet is the first live trial of a scaling upgrade aimed at far higher throughput and a planned 2026 mainnet, but on-chain data showed no lasting lift.

BeInCrypto cited Santiment data showing positive sentiment at 8.29 versus negative at 3.13, while CoinGlass spot exchange netflows stayed in weekly outflow since early May, though shrinking from about $27 million in mid-May to $4.53 million for the week ending June 22.