$ADA

ADA is the cryptocurrency of the Cardano blockchain platform. It's used to pay transaction fees, secure the network, and participate in governance.

Purpose

Transaction fees: Used to prevent network spam

Staking: Used to secure the network and earn rewards

Governance: Used to vote on protocol changes

Smart contracts: Used to interact with decentralized applications (dApps)

DeFi protocols: Used to access services like DeFi protocols and NFT marketplaces