ADA Surges 3.78% as Binance Soft Staking, Cardano Visa Card, and DeFi Growth Drive Momentum

Cardano (ADA) has experienced a 3.78% price increase over the past 24 hours, with the ADAUSDT pair currently trading at 0.7636 on Binance, up from a 24-hour open of 0.7358. This upward movement is primarily attributed to several positive developments: Binance's launch of Soft Staking for ADA, allowing users to earn daily rewards without a lock-up period; the introduction of the Reeve platform for on-chain financial reporting; and the announcement of a Cardano Visa card by EMURGO, which enhances ADA's real-world utility. Additionally, Cardano's DeFi ecosystem has shown strength, with a 7.76% increase in Total Value Locked over the past week, and on-chain data indicates continued accumulation by large holders. These factors, combined with robust trading activity (24-hour volume between $1.19 billion and $1.33 billion) and a market capitalization of approximately $27.62 billion, have contributed to ADA's recent outperformance relative to other major cryptocurrencies.