ADA Surges 3.19% as Cardano Network Activity Soars and $71M Upgrade Fund Approved

Cardano (ADAUSDT) has seen a 3.19% price increase over the last 24 hours, currently trading at 0.8075 on Binance. This upward movement is attributed to a combination of increased network activity, with unique active addresses rising to 30,900, a 12% increase in open interest, and the Cardano community's approval of a $71 million fund for network upgrades. Additional momentum comes from anticipation around the upcoming Midnight (NIGHT) token airdrop, which will allocate 50% of tokens to ADA holders, and positive technical signals suggesting a bullish outlook.

Market metrics show ADAUSDT opened at 0.7825 in the last 24 hours, with trading volume reported between $1.01 billion and $1.27 billion and market capitalization ranging from $28.31 billion to $30.84 billion. Cardano has outperformed the broader crypto market over the past week, supported by strong buying interest and consolidation above key support levels.