ADA Surges 5.88% as Binance Soft Staking and Emurgo Card Ignite Trading Volume and On-Chain Activity

Cardano (ADAUSDT) has experienced a 5.88% price increase over the past 24 hours, currently trading at 0.8064 on Binance. This upward movement is primarily attributed to heightened bullish sentiment following the launch of Binance’s Soft Staking campaign for ADA, which incentivizes holding ADA in spot wallets, and the recent introduction of the Emurgo Card, which drove a 38% spike in active on-chain addresses. Additional momentum stems from a surge in trading volumes—up 89.40% to over $2.41 billion—and increased open interest, signaling strong confidence from derivative traders. The Cardano Foundation’s recent partnerships and funding initiatives to support blockchain research and ecosystem growth have also contributed to positive sentiment.

ADA’s market capitalization is estimated between $26.52 billion and $28.92 billion, with a circulating supply of approximately 35.4 to 36 billion tokens. Over the last 24 hours, ADA’s price has ranged from a low of $0.7341 to a high of $0.7836, reflecting strong trading activity and renewed market interest.