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Cardano Rises in Grayscale Rankings as SEC Decision on ETF Nears.

Cardano secured a stronger market standing this week, moving to third place in Grayscale’s latest “Top 10 Crypto Assets by Weekly Returns” update. The cryptocurrency recorded a 6.3% gain between July 31 and August 7, 2025. This marks a notable improvement from the previous week, when ADA’s performance placed it near the bottom of the rankings.

XRP led the list with a 9.7% gain, while Stellar followed with slightly lower growth. Dogecoin, Ethereum, Tron, and Solana also posted weekly gains ranging from 4.2 to 6.1%. Bitcoin ranked lower with a modest 1.5 percent rise, and BNB, along with Hyperliquid, completed the top performers’ list.

Midnight Protocol Drives Attention

Cardano’s momentum coincided with the recent launch of Midnight, a privacy-focused protocol built on its network. The development has drawn increased community interest and sparked discussions on its potential use cases. The project’s progress is seen as a contributing factor to ADA’s recent performance improvement.

Investor focus has turned toward the U.S. Securities and Exchange Commission’s upcoming decision on Grayscale’s application for an ADA exchange-traded fund. Market analysts suggest a verdict could be issued before the end of August. Data from Polymarket shows a 75% probability of approval, although the SEC retains the option to delay its response until late October.#ETH5kNext? #CPIWatch #DeFiGetsGraded #CryptoIn401k $ADA