$ADA ADA is the native cryptocurrency of the Cardano blockchain platform. It's currently trading at $0.64 with a market capitalization of $22.48 billion. The price has seen a slight decrease of 0.47% in the last 24 hours.

*Key Features of Cardano:*

- *Blockchain Platform*: Cardano is an open-source, smart-contract platform designed to provide multiple features through its layered architecture.

- *Proof-of-Stake Consensus*: It uses a proof-of-stake protocol called Ouroboros to secure the network and manage block production.

- *Native Token*: ADA is the native token of the Cardano platform, used for transactions, staking, and governance.

*Current Market Performance:*

- *Price*: $0.64

- *Market Cap*: $22.48 billion

- *24-hour Trading Volume*: $629.73 million

- *Circulating Supply*: 36 billion ADA tokens

*Recent Developments:*

- Cardano co-founder Charles Hoskinson proposed a $100 million ADA investment to boost the Cardano DeFi ecosystem.

- The Cardano community is debating a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem.¹ ²