ADA Surges 5.15% as DeFi TVL Hits $438M, ETF Rumors and Institutional Inflows Drive Momentum

Cardano (ADAUSDT) has experienced a 5.15% price increase over the past 24 hours, with the current price at 0.8331 USDT on Binance. The recent price surge is attributed to several factors: increased network activity as evidenced by Cardano’s total value locked in DeFi protocols reaching $438 million, positive sentiment from rumors of a potential Cardano ETF, and regulatory developments in the United States, including the Clarity Act recognizing Cardano as a 'likely mature' blockchain. Additional momentum has come from significant institutional inflows totaling $48 million and anticipation of an institutional-grade upgrade through a partnership between Apex Fusion and Well-Typed. Trading volume remains robust, with approximately $3.25 billion to $3.40 billion traded in the last 24 hours, and open interest in Cardano futures has reached a record high of $1.65 billion, indicating strong investor engagement and bullish sentiment.