ADA Faces 2% Price Drop Amid Market Selloff and Declining On-Chain Activity

Cardano (ADA) is currently trading at $0.7479 on Binance, down 2.09% over the past 24 hours with a 24-hour open of $0.7639 and a notable increase in trading volume, reflecting ongoing volatility. The recent price decline is primarily attributed to a broader cryptocurrency market selloff and reduced on-chain activity, as evidenced by lower daily active addresses and DEX trading volume, alongside a drop in average daily transactions and network fees. No major new protocol updates or partnerships have been reported, and while Cardano continues to advance its decentralized governance roadmap, current market sentiment is being shaped by overall risk-off conditions and heightened short-term speculation.