ADA Surges 3.82% as Cardano Joins Hashdex ETF, Hits $1.1B Volume and Outpaces Market

Cardano (ADAUSDT) has risen 3.82% over the past 24 hours, with the price moving from 0.7323 to 0.7603 on Binance, supported by strong trading volumes exceeding $1.1 billion. The price increase is attributed to several positive developments, including Cardano’s inclusion in the Hashdex ETF on NASDAQ, robust institutional inflows totaling $63 million, and continued growth in DeFi activity with $450 million in total value locked and 62% of ADA supply staked. Additionally, broader market enthusiasm, driven by Bitcoin’s surge above $120,000 and increased institutional interest in digital assets, has contributed to bullish sentiment. Despite some short-term bearish signals and legislative uncertainty in the U.S. Congress, ADA has outperformed the broader market with a 23% gain over the past week, and its market capitalization stands at approximately $26.74 billion with a circulating supply of over 35 billion tokens.