Cardano ($ADA ) is currently trading around $0.63, experiencing a slight decline of approximately 0.64% in the last 24 hours and about 4.21% over the past week. Its 24-hour trading volume is around $635 million, with a market capitalization of roughly $22.48 billion, placing it among the top cryptocurrencies.

Recent news indicates significant development on the Cardano network, with over 2,000 projects now actively building on its platform, utilizing more than 138,000 Plutus scripts. This growth is accompanied by increased developer activity and community participation, with 1,352 DReps and 1.3 million delegated ADA wallets. Despite these positive ecosystem developments, the market sentiment for ADA remains somewhat cautious, with reports of whale sell-offs contributing to selling pressure amid broader macroeconomic uncertainties.