ADA Surges 2.79% as Binance Soft Staking, On-Chain Activity, and Partnerships Drive $1.3B Volume

Cardano (ADAUSDT) has seen a 2.79% price increase over the past 24 hours, trading at $0.7449 on Binance. This positive movement is primarily attributed to heightened user engagement following Binance's launch of Soft Staking for ADA, which allows users to earn daily rewards while maintaining liquidity. Additionally, Cardano's strong on-chain activity, with over 4 million user interactions in the last day, and recent development updates—including increased foundation spending and new strategic partnerships—have contributed to increased market interest. The asset has also benefited from broader positive sentiment in the cryptocurrency market and a 26% weekly gain, leading to robust trading volumes above $1.3 billion and a market capitalization of approximately $26.4 billion.