ADA Surges 3% as Cardano Hits 140% TVL Growth and Large Transactions Spike Amid ETF Buzz

Cardano (ADAUSDT) has experienced a 3.09% price increase over the past 24 hours, with the current price at 0.8497 on Binance, up from a 24h open of 0.8242. This upward movement is attributed to several factors: increased on-chain activity with over 762 large transactions exceeding $100,000, a 140% year-over-year growth in total value locked (TVL), and a 38% rise in active addresses, all indicating heightened network engagement. Additionally, positive sentiment has been supported by speculation around a potential Cardano ETF and recent progress in U.S. cryptocurrency legislation, which has contributed to bullish momentum.

In the latest 24-hour period, ADAUSDT has seen robust trading volume and remains among the top cryptocurrencies by market capitalization, with the price trading in the 0.818–0.8786 range. The asset is currently outperforming the broader crypto market, with traders closely watching resistance levels for signs of a continued rally.