ADA Surges 3.19% as Cardano Hits $431M TVL and Eyes ETF Amid Technical Upgrades

Cardano (ADA) has experienced a 3.19% price increase over the past 24 hours, rising from 0.5493 to 0.5668 USDT on Binance. This positive movement is primarily attributed to renewed investor optimism following Cardano’s Total Value Locked (TVL) reaching a four-month high of $431 million, driven by ADA’s launch on the Base network and ongoing technical upgrades such as the Plomin Hard Fork and Leios mainnet upgrade. Despite recent volatility and a 26% decline in June, the latest developments—including speculation around a potential ADA ETF and increased on-chain activity—have contributed to short-term bullish sentiment and elevated trading volumes. Cardano currently trades at 0.5668 USDT with a 24-hour trading volume of approximately $428.88 million and maintains a global ranking of #10 by market capitalization, though overall market sentiment remains cautious following recent declines.