ADA Surges 2% as Cardano Hits 110M Transactions and DeFi Staking Launch Drives Volume

Cardano (ADA) is currently trading at $0.7000 on Binance, reflecting a 2.06% increase over the last 24 hours with a recent 24-hour opening price of $0.6859 and rising trading volume. The recent price uptick is attributed to increased market activity following the launch of Binance’s DeFi Staking Program for ADA, as well as positive sentiment from Cardano’s network milestones, including surpassing 110 million total transactions and the release of node v.10.4.1 with the UTXO-HD feature. Despite recent volatility and a notable drop earlier in the week, these developments have contributed to renewed investor interest and short-term price gains.