ADA Surges 3.46% as $1.83B Volume and U.S. Legislation Fuel Cardano’s Market Momentum

Cardano (ADAUSDT) has experienced a 3.46% price increase over the past 24 hours, currently trading at $0.8824 on Binance. This upward movement is attributed to several factors: heightened large-scale transaction activity, with over 137 ADA transactions exceeding $1 million each, and a surge in trading volume—up 83.60% to $1.83 billion—reflecting increased market participation. Positive sentiment has been supported by recent legislative developments in the U.S., including the passage of the CLARITY Act and anticipation of further crypto-friendly bills, which have contributed to a broader market rebound. Additionally, Cardano’s network activity remains strong, highlighted by a notable transaction fee exceeding $3 million and robust soft staking options available to users. Overall, ADA’s market capitalization stands at approximately $31.88 billion, with a circulating supply of 36 billion tokens, and the asset continues to outperform the broader crypto market with a week-long gain of over 16%.