ADA Surges 4% as Cardano Ecosystem Tops 2,000 Projects and DeFi Proposal Drives Optimism

Cardano (ADAUSDT) has experienced a 4.00% price increase over the past 24 hours on Binance, rising from a 24h open of $0.6304 to a current price of $0.6556. This upward movement is primarily attributed to strong network growth, including a surge in Cardano-based projects—now exceeding 2,000—alongside increased activity in NFTs and smart contracts, as reported on June 16, 2025. Additional momentum came from Charles Hoskinson’s recent proposal to convert $100 million in ADA to bitcoin and stablecoins to support Cardano’s DeFi sector, which has sparked significant community engagement and optimism regarding future ecosystem expansion. Market sentiment has also been buoyed by steady increases in staking participation and transaction volumes, reflecting growing adoption and renewed interest in Cardano’s development trajectory.

Currently, ADA maintains a price of $0.6556 with a 24-hour trading volume of approximately $652.89 million and a market capitalization ranging between $22.7 billion and $24.45 billion, showing resilience and positive momentum compared to the previous week.