ADA Experienced a Loss in Value in the Last 24 Hours; The Leios Update May Bring Significant Innovations to the Network
Cardano (ADA) dropped by 3.77% in value in the last 24 hours, falling to $0.5517 and continuing its weekly decline. According to CoinDesk Research data, despite the ADA price dropping to $0.5818, there was a significant increase of 38.39% in trading volume. This decline occurred despite the latest announcements regarding Cardano's planned new Leios update.
Input Output Global (IOG), the technology development company of Cardano, stated that the Leios update will optimize transaction processing speed and resource usage on the network, especially during peak periods. The update aims to increase transaction capacity while maintaining security and data accessibility. Leios was introduced in November 2022 as a new version of Cardano’s existing consensus protocol, aiming to overcome scalability limits. The update plans to accelerate chain synchronization, implement tiered transaction fees, and improve the prioritization system.
Technical Assessment and Market Dynamics
Leios means a comprehensive architectural innovation rather than just a small change, and extensive improvements are required for this. While the IOG team reports that the update will have significant effects on the Cardano network, founder Charles Hoskinson stated that the integration of the update has been pushed to 2026, with the previous target being 2028.
In the last 24 hours, the ADA price showed a fluctuation of 7.15%; it dropped from $0.605 to $0.562 and then partially recovered. It was observed that trading volume increased and movement concentrated at support levels.
Market Behaviors and Investor Trends
As of 5:00 PM, high trading volumes concentrated between $0.562 and $0.576, while the ADA price consolidated between resistance levels of $0.582–$0.588 and support levels of $0.573–$0.582. A slight decrease in trading volume may indicate a possible accumulation period in the market. The sudden sales that occurred during lunchtime triggered a short-term decline, while long-term investors continue to withdraw ADA from central exchanges.
Experts indicate that the Leios update may have positive results in terms of network efficiency and transaction capacity in the long term. The project team and investors are closely monitoring the developments.
General Evaluation
Cardano’s Leios update aims to increase transaction volume and activity on the network. Although there may be fluctuations in the ADA price in the short term, it is thought that technical improvements may positively reflect on the market in the medium term. The continued withdrawal of ADA from exchanges by long-term investors indicates ongoing confidence in the asset. Such infrastructure developments are critical for blockchain projects in terms of user experience and transaction costs.
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