cardano27
$ADA
MCAP8.96B
+1.78%

what's cardano?

Cardano is a third-generation blockchain platform designed to enable positive global change by redistributing power from unaccountable structures to individuals, utilizing a proof-of-stake consensus mechanism called Ouroboros for energy-efficient and secure operations. Founded in 2015 by Charles Hoskinson and Jeremy Wood through Input Output Hong Kong (IOHK), it emphasizes a research-driven approach with peer-reviewed academic papers guiding its development phases, including Byron, Shelley, Goguen, Basho, and Voltaire for enhanced scalability, governance, and interoperability. The platform supports smart contracts via the Plutus programming language, facilitating decentralized applications (dApps) in areas like DeFi, NFTs, and identity management. Its native cryptocurrency, ADA, powers network transactions, staking for rewards, and community governance decisions. Cardano prioritizes sustainability, formal verification for security, and real-world adoption, particularly in emerging markets through partnerships for financial inclusion and education initiatives.

Snapshot

Cardano established an $80M fund for Bitcoin DeFi, improving dev tools, and seeing whale accumulation.

6D ago
FINANCIAL EVENT

Established an $80 million fund targeting Bitcoin liquidity to support reaching a $3 billion DeFi goal by 2030.

1W ago
VISIBILITY EVENTOfficial

A session introducing Razor, a .NET Cardano data node designed to improve developer experience when building with .NET on Cardano, is scheduled with Clark Alesna, CEO of SAIB Inc.

WHALE ACTIVITY

Wallets holding at least 10M ADA tokens reached a 4-month high of 424, representing a 5.2% increase over 9 weeks.

MARKET ACTIVITY

Listed Coinbase Wrapped ADA (cbADA) on SigmaTrading on Base with 50% fee discount.

ONCHAIN METRICS

Generated less than $1 million in revenue during Q1 2026.

TOKEN ECONOMICS

Cardano Foundation reduced its ADA holdings in reserves while increasing its allocation to Bitcoin and cash.

MARKET ACTIVITY

Volatility Shares launched 2x leveraged ETFs for Cardano.

PARTNERSHIP

Integrated with Dune Analytics, providing complete on-chain data coverage including transactions, staking, smart contracts, governance, stablecoins, and DeFi protocol activity available for querying and analysis.

VISIBILITY EVENT

Ranked as second-most quantum-resistant blockchain by Google Quantum AI, behind Algorand.

2W ago
MARKET ACTIVITY

Options on Hashdex's diversified crypto ETF (NCIQ) that includes ADA went live on Nasdaq on March 31, 2026, enabling institutional hedging and risk management for the token.

VISIBILITY EVENT

Hosted a side event at EthCC in France.

FINANCIAL EVENT

Offers an airdrop of 20,000 JRNY tokens per NFT to holders of JRNYERS NFTs on Cardano, with claim forms due by 2026-04-17 and tokens to be distributed on Ethereum.

MARKET ACTIVITY

Added to Hashdex Nasdaq CME Crypto Index ETF (NCIQ) as one of seven constituent assets, alongside BTC, ETH, XRP, SOL, XLM, and LINK.

OPINION SPECULATION

Partners with UK-regulated Monument Bank to tokenize GBP customer deposits on Midnight network as interest-bearing digital assets in £250M deal.

MARKET ACTIVITY

Privacy token NIGHT dropped approximately 8% on March 25, 2026, erasing gains from the previous two days.

TECH EVENT

Charles Hoskinson launched Midnight mainnet on March 30, 2026, a $200M privacy-focused Layer-1 blockchain using zero-knowledge proofs with a dual-token model ($NIGHT and $DUST) for confidential yet compliant transactions.

MARKET ACTIVITY

Included in Grayscale CoinDesk Crypto 5 ETF (GDLC), a multi-asset ETF approved on 2025-09-17 alongside BTC, ETH, XRP, and SOL.

3W ago
TECH EVENT

Targets Cardano v129 integration with Maya Protocol for mainnet launch 2026-04-17 or 2026-04-18, with ADA liquidity seeded in phases.

VISIBILITY EVENT

Mentioned as showing "glimmers of new ideas forming" in ecosystem support initiatives alongside Status, though described as less advanced than Solana's ecosystem support apparatus.

PARTNERSHIP

Integrated with LayerZero (ZRO) protocol.

ONCHAIN METRICS

Average wallets active on the network over the past year are showing a return of -43% on their investments based on MVRV (Market Value to Realized Value) metric.

MARKET ACTIVITY

ADA funding rate on Binance reflects largest ratio of shorts compared to longs since June 2023.

RISK ALERT

Three founding entities received 22% of lifetime staking rewards from genesis distribution funds, continuously staking them, contradicting Charles Hoskinson's claims of zero voting power.

TEAM UPDATE

BLOOM validator operator Bigpey received over $1.6M in Cardano treasury funding with alleged backing from undisclosed IOG stakes, raising concerns about potential conflicts of interest in governance proposals.

OPINION SPECULATION

Returned -21% price from January 1 to March 31, 2026, ranking second-best among nine major L1 blockchains in Q1 2026 performance.

ONCHAIN METRICS

TVL reached $136M, increasing 6% in 24 hours after USDCx launch.

ONCHAIN METRICS

DEX volume reached $3.5M daily and $15M weekly, up 6.6% week-over-week.

ONCHAIN METRICS

Stablecoin-to-TVL ratio reached 33%+.

PARTNERSHIP

Launched USDCx stablecoin on Cardano via Circle's xReserve on 2026-02-27, enabling 1:1 USDC-backed minting and redemption with Ethereum without bridges or wrapped tokens.

FINANCIAL EVENT

IOGroup extended zero-fee USDC to USDCx bridging program for 90 days.

PARTNERSHIP

USDCx integrated with Liqwid Finance for lending, Minswap for DEX trading, and SundaeSwap for swaps.

MARKET ACTIVITY

Dropped out of the top 10 cryptocurrencies by market cap, overtaken by Hyperliquid (HYPE).

ONCHAIN METRICS

ADA token price reached $0.29, rising 16% over the past week.

TECH EVENT

Enhanced staking functionality in Trezor Suite desktop app version 26.3.2, released March 18, 2026.

REGULATORY

Classified as a digital commodity, not a security, by SEC and CFTC on March 17, 2026, alongside 15 other assets including Bitcoin, Ethereum, Solana, and XRP.

1M ago
ONCHAIN METRICS

DJED lending pool on Liqwid Finance achieved 15.77% APR with $1.37M TVL.

MARKET ACTIVITY

Included in T. Rowe Price's Active Crypto ETF S-1 amendment filing with the SEC, listing ADA among 15 crypto assets: BTC, ETH, SOL, XRP, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, SHIB, and SUI.

MARKET ACTIVITY

Added to Binance Super Earn program with 120M NIGHT token rewards pool plus 12M NIGHT Glacier airdrop for ADA holders.

VISIBILITY EVENT

Approved $80M Orion fund led by Draper Dragon to bridge Bitcoin liquidity into DeFi, deploying $15M initially. Scheduled treasury vote for 2026-04-12 to allocate 50M ADA, an on-chain governance vote affecting ecosystem fund allocation and protocol spending.

FINANCIAL EVENT

Integrated with NBX for staking services, including NIGHT token airdrop to stakers.

ONCHAIN METRICS

Recorded 6,010 social mentions in the last 24 hours on March 14, 2026.

VISIBILITY EVENT

Added Spanish language support to the official cardano.org website, expanding supported languages to include Spanish, Japanese, Vietnamese, and German.

MARKET ACTIVITY

Trades at $0.26 on March 14, 2026, down 1.9% in 24 hours.

MARKET ACTIVITY

Listed on Crypto.com's Crypto Earn program offering 5% annual percentage rate rewards.

VISIBILITY EVENT

Achieved a 135-spot improvement in AltRank, the largest rank increase among the top 10 coins on the LunarCrush screener, reflecting increased social momentum.

OPINION SPECULATION

Founder characterizes current market sentiment as "worst sentiment in crypto history"

PARTNERSHIP

Launched $USDM DeFi pilot in collaboration with NBX, PlominLegacy, FluidTokens, and WaveDigital.

MARKET ACTIVITY

Climbed 4.2% to $0.26 on March 9, 2026, as broader market tracked BTC's relief rally.

VISIBILITY EVENT

Mentioned at Financial Cryptography 2026 conference alongside ETH, SUI, XRP, AVA, and Solana, replacing Lightning/Bitcoin.

ONCHAIN METRICS

Midnight has surpassed 54,600 unique holders on Cardano.

ONCHAIN METRICS

Down 60-75% from previous peak levels as of March 2026.

OPINION SPECULATION

Charles Hoskinson disputes Ripple over the CLARITY Act, characterizing provisions as "predatory".

PARTNERSHIP

Integrated with DFX.swiss and BrickTowers, enabling payment at 137 SPAR stores in Switzerland through DFX Swiss's Open Crypto Pay standard.

PARTNERSHIP

Integration with THORChain protocol as a new supported chain in protocol upgrade V3.16.0.

MARKET ACTIVITY

Gained 6.7% in price during the post-Iran conflict market bounce.

ONCHAIN METRICS

Grew stablecoin market cap to $47.68M, with TVL reaching $48.24M by March 17, 2026, increasing 42% in one week, and USDCx at $17.85M (37.02%).

FINANCIAL EVENT

Project Catalyst is undergoing a transition that has resulted in a pause in funding, creating a funding gap for builders.

MARKET ACTIVITY

Surged 19%, reclaimed 10th market cap spot, flipping Bitcoin Cash on February 27, 2026, and outperformed before the February 28, 2026 market crash. Valued at $9 billion, implementing system to increase activity.

MARKET ACTIVITY

Listed on Bitstamp by Robinhood in Singapore for trading.

WHALE ACTIVITY

Whales accumulated 819.4 million ADA tokens (valued at $213.9 million, representing 1.6% of total supply) over six months ending February 2026.

REGULATORY

Awaiting SEC approval for ETF applications filed by Grayscale, 21Shares, and Bitwise in 2026.

ONCHAIN METRICS

ADA-SNEK V2 liquidity pool on Minswap has reached $1,320,000 in TVL with a current APY of 21.80%

VISIBILITY EVENT

Integrated Pyth Network for oracle services; hosts hackathon in Argentina in March 2026 with TxPipe.

REGULATORY

Received a 75-day accelerated timeline from the SEC for spot ETF approval process, compared to the 240-day timeline Bitcoin required.

ONCHAIN METRICS

Has a 30-day MVRV (Market Value to Realized Value) ratio of -2.0%, indicating average trader returns are 2.0% below break-even based on onchain data.

ONCHAIN METRICS

Fell to $115 million in February 2026, the lowest level in 3 years, then reached $145M by March 17, 2026.

PARTNERSHIP

Partnered with Wirex (via Emurgo) to launch the Cardano Card, enabling ADA payments at 100 million merchants in 190 countries.

ONCHAIN METRICS

Reached daily NFT trading volume of $612.4K in Q4 2025, representing a 133.4% increase quarter-over-quarter.

ONCHAIN METRICS

Reached daily DEX volume of $4.4M in Q4 2025, representing a 17.3% increase quarter-over-quarter.

ONCHAIN METRICS

Treasury balance reached 1.67 billion ADA in Q4 2025, representing a 4.46% increase quarter-over-quarter.

WHALE ACTIVITY

Grayscale Investments increased ADA weighting in its Smart Contract Fund to 20.12%, up from 19.50%.

FINANCIAL EVENT

Enabled ADA as collateral for USDC borrowing up to $100,000 on Coinbase in the U.S. (excluding New York) via Morpho protocol on Base, alongside XRP, DOGE, and LTC.

ONCHAIN METRICS

Has 11,600 active daily addresses.

TECH EVENT

Released Rosetta Java v2.0.0 upgrade to enhance infrastructure and capabilities.

2M ago
PARTNERSHIP

Integrated LayerZero, providing access to $80 billion in omnichain assets across 150+ blockchains.

OPINION SPECULATION

Founder Charles Hoskinson stated 2026 will be "the best year ever" for ADA.

MARKET ACTIVITY

CME Group launched ADA futures and micro futures contracts, cash-settled alongside LINK and XLM, covering over 75% of total crypto market cap.

VISIBILITY EVENT

Ranked 6th in development activity over the past 30 days by Santiment, also ranked 8th by GitHub activity.

WHALE ACTIVITY

Hoskinson has lost over $3 billion in crypto holdings.

MARKET ACTIVITY

CME listed ADA futures on February 9, 2026.

TECH EVENT

Mithril protocol upgrade is being developed to improve network efficiency and security.

PARTNERSHIP

Integrated with TapTools for token analytics, Cexplorer for blockchain data, Ada Handle for $handle resolution, CSWAP for DEX swaps, ADA Anvil for minting, Metera for index tokens, GovCircle for governance, and NABU VPN for nodes through Logan release.

PARTNERSHIP

Launched USDCx on Cardano via Circle xReserve and LayerZero on March 1st, backed by USDC without bridge or wrapped token requirements.

ONCHAIN METRICS

Cross-chain PTs on Cardano have reached over $125 million in bridged TVL, representing 71.4% of Cardano's total TVL.

ONCHAIN METRICS

IUSD vault on Indigo protocol achieved $6.94M TVL with 56.88% current APY and 33.58% 30-day average APY.

TECH EVENT

Integrated Maya Protocol version 128 into version 129 branch, with stagenet nodes syncing Cardano daemon.

PARTNERSHIP

Integrated Keystone 3 Pro with GeroWallet and Nexus app, enabling air-gapped security for Cardano transfers, staking, governance, and NFT management via firmware V-2.3.10.

PARTNERSHIP

Google staked in Cardano.

3M ago
TECH EVENT

Proposed naming the next hard fork to Protocol Version 11 as the "van Rossem" hard fork, after DRep Max van Rossem.

PARTNERSHIP

Partnered with Lava Network and Wizard to deliver CardanoScale, an initiative providing an ultra-reliable Cardano RPC Gateway powered by SPOs for Cardano builders.

VISIBILITY EVENT

Ranks 9th in development activity over the past 30 days according to Santiment's GitHub repository analysis, showing a decline in rank since the previous month.

MARKET ACTIVITY

Included in the unified Nasdaq-CME Crypto Index alongside Bitcoin, Ether, XRP, Solana, Chainlink, and Avalanche.

PARTNERSHIP

Developers building on Cardano using Blockfrost can store data on Filecoin, as Blockfrost archives IPFS gateway data on Filecoin with cryptographic hashes and onchain storage proofs.

RISK ALERT

Users are targeted in a sophisticated phishing campaign spreading fake "Eternl Desktop" announcements to install malware.

TECH EVENT

Leios scaling work is actively tracked as a major throughput and latency roadmap theme.

PARTNERSHIP

Plans to bridge SOL to ADA through collaboration between Solana and Cardano founders.

PARTNERSHIP

VinceTrust tokenized real medical equipment through its ADA Medical Equipment Portfolio on Cardano, enabling investors to earn yield from the use of diagnostic and surgical tools.

ONCHAIN METRICS

A native asset on Cardano achieved trading volume exceeding the combined trading volume of XRP and SOL.

TECH EVENT

Embracing lattice-based cryptography as opposed to hash-based cryptography approaches used by other protocols.

OPINION SPECULATION

New roadmap assumes a 500% price explosion to mask an alarming gap in real protocol revenue.