ADA Surges 2.76% as Cardano Approves $71M Fund for Hydra and Project Acropolis Upgrades

Cardano (ADA) has experienced a 2.76% price increase over the past 24 hours, with the ADAUSDT pair currently trading at 0.7437 on Binance. This upward movement is primarily attributed to the Cardano community's approval of a $71 million development fund aimed at supporting major network upgrades, including the Hydra Layer-2 scaling solution and Project Acropolis. The announcement has generated bullish sentiment and increased on-chain activity, as evidenced by large ADA transfers and elevated network engagement.

Currently, ADA maintains a circulating supply of approximately 36 billion tokens, a 24-hour trading volume of over $1.11 billion, and a market capitalization near $27.13 billion. Despite a recent weekly decline, ADA has shown strong monthly and yearly gains, with ongoing development and community-driven initiatives supporting positive market momentum.