ADA Rises 2.6% as Staking, DeFi Growth, and cbADA Integration Boost Cardano Momentum

In the past 24 hours, Cardano (ADA) has seen a price increase of approximately 2.60%, rising from a 24h open of $0.5662 to a current Binance price of $0.5809. This positive movement is likely driven by increased on-chain activity and ecosystem developments, including Binance’s ADA staking services and the recent integration of wrapped ADA (cbADA) on Coinbase’s Base network, which has improved accessibility and participation. Additionally, growth in Cardano’s DeFi sector, highlighted by the Indigo protocol surpassing $45 million in total value locked, has contributed to renewed investor interest.

Currently, ADA is trading at $0.5809 with strong 24-hour trading volume and a market capitalization near $20 billion, ranking it among the top 10–11 cryptocurrencies. Despite recent volatility and a broader bearish trend in the crypto market, ADA’s robust staking participation, ongoing network upgrades, and expanding DeFi activity are supporting its price stability and moderate gains.