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.
Cardano's Logan release integrates analytics, DEX, minting, governance, and node VPN services.
Surged 19%, reclaiming 10th spot by market cap, flipping Bitcoin Cash on February 27, 2026.
Listed on Bitstamp by Robinhood in Singapore for trading.
Whales accumulated 819.4 million ADA tokens (valued at $213.9 million, representing 1.6% of total supply) over six months ending February 2026.
Has ETF applications filed by Grayscale, 21Shares, and Bitwise awaiting regulatory approval in 2026.
ADA-SNEK V2 liquidity pool on Minswap has reached $1,320,000 in TVL with a current APY of 21.80%
Hosting a hackathon in Argentina in March 2026 with TxPipe, where developers will build Cardano applications using Pyth Network's price oracle data.
Received a 75-day accelerated timeline from the SEC for spot ETF approval process, compared to the 240-day timeline Bitcoin required.
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.
TVL fell to $115 million in February 2026, the lowest level in 3 years.
Reached daily NFT trading volume of $612.4K in Q4 2025, representing a 133.4% increase quarter-over-quarter.
Reached daily DEX volume of $4.4M in Q4 2025, representing a 17.3% increase quarter-over-quarter.
Treasury balance reached 1.67 billion ADA in Q4 2025, representing a 4.46% increase quarter-over-quarter.
Partnered with Wirex (via Emurgo) to launch the Cardano Card, enabling ADA payments at 100 million merchants in 190 countries.
Grayscale Investments increased ADA weighting in its Smart Contract Fund to 20.12%, up from 19.50%.
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.
Has 11,600 active daily addresses.
Released Rosetta Java v2.0.0 upgrade to enhance infrastructure and capabilities.
Integrated LayerZero, providing access to $80 billion in omnichain assets across 150+ blockchains.
Founder Charles Hoskinson stated 2026 will be "the best year ever" for ADA.
CME Group launched ADA futures and micro futures contracts.
Ranked 6th among top crypto projects by development activity over the past 30 days in Santiment's monthly ranking, with an upward movement compared to the previous month.
Hoskinson has lost over $3 billion in crypto holdings.
CME listed ADA futures on February 9, 2026.
Mithril protocol upgrade is being developed to improve network efficiency and security.
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.
Integrates USDCx, a ZK-powered compliant privacy stablecoin with institutional and exchange support, integrated with Circle and LayerZero, enabling transfers with Coinbase and Binance by 2026-02-28. USDCx, a USDC-backed stablecoin, has support from DeFi apps Liqwid, Minswap, and SundaeSwap.
Cross-chain PTs on Cardano have reached over $125 million in bridged TVL, representing 71.4% of Cardano's total TVL.
IUSD vault on Indigo protocol achieved $6.94M TVL with 18.42% current APY and 33.58% 30-day average APY.
Created EDDSA keys for Maya Protocol version 128 integration. Merged into Maya Protocol version 129 branch.
Integrating with Keystone Wallet, with new features announced on Keystone's roadmap page.
Google staked in Cardano.
Proposed naming the next hard fork to Protocol Version 11 as the "van Rossem" hard fork, after DRep Max van Rossem.
Partnered with Lava Network and Wizard to deliver CardanoScale, an initiative providing an ultra-reliable Cardano RPC Gateway powered by SPOs for Cardano builders.
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.
Included in the unified Nasdaq-CME Crypto Index alongside Bitcoin, Ether, XRP, Solana, Chainlink, and Avalanche.
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.
Users are targeted in a sophisticated phishing campaign spreading fake "Eternl Desktop" announcements to install malware.
Leios scaling work is actively tracked as a major throughput and latency roadmap theme.
Plans to bridge SOL to ADA through collaboration between Solana and Cardano founders.
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.
A native asset on Cardano achieved trading volume exceeding the combined trading volume of XRP and SOL.
Embracing lattice-based cryptography as opposed to hash-based cryptography approaches used by other protocols.
New roadmap assumes a 500% price explosion to mask an alarming gap in real protocol revenue.
Integrated with Dune Analytics as part of the Pentad development phase.
Ratified an on-chain vote to restore the Constitutional Committee to full capacity.
Has 4.54 million non-empty wallets on its network.
has a staking ratio of 57.7% of circulating supply
ADA is down 65-78% since President Trump took office, underperforming BTC (-18%) and ETH (-10%) as capital retreats from higher beta assets during a risk-off phase in crypto markets.
Coinbase Derivatives launches US perpetual-style futures for ADA, now trading live 24/7 for both retail and institutional traders through approved FCM partners.
A collaborative livestream with Polkadot addresses ecosystem treasury sustainability, scheduled for 12:00 PM UTC tomorrow.
Midnight privacy project integrated into the Cardano ecosystem following an airdrop, with DEX volume increases and partnerships. Polymarket approaches top 10 market cap.
Cardano ranks 8th among blockchain ecosystems by mindshare with 1.92% in 2025, positioning it behind Solana (26.79%), Base (13.94%), Ethereum (13.43%), Sui (11.77%), BNB Chain (9.05%), XRP Ledger (4.68%), and Sonic (2.29%).
A $40 million liquidity gap threatens growth despite institutional-grade infrastructure now being in place.
ADA drops 26.6% over 30 days, underperforming most major altcoins except ONDO and RENDER in the recent market downturn.
Large wallets holding 100K-100M ADA accumulated +26,770 ADA since November 1st while small retail wallets (≤100 ADA) dumped -44,751 ADA during recent price declines.
ADA declines 6-7% alongside other major altcoins while Bitcoin rebounds to $92K from post-Fed lows.
Launched NIGHT token and Midnight Network L1 blockchain with Redemption Portal live for 24B total supply distributed to 8M+ addresses with 450-day vesting. 4.5B+ NIGHT already claimed. Midnight Network mainnet launches end of March 2026, stated by Hoskinson at Consensus Hong Kong.
NIGHT token distribution on Alpha rewards top 20,500 volume traders with 1,700 tokens each and top 18,100 depositors with 1,100 tokens each.
cbADA now available for everyday spending through Cypher_HQ payment cards alongside other major cbAssets on Base network.
Cardano's 30-day MVRV ratio is -4.4% (neutral), indicating average traders are slightly down with neutral risk for opening or adding to swing trade positions.
Coinbase partners with Chainlink as exclusive bridge provider for wrapped assets including cbADA, covering $7B in total wrapped assets across cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP.
Cardano forms Critical Cardano Integrations workstream to enhance DeFi strategy, with Pyth Pro integration as the first initiative.
SUI's DeFi TVL is 4.5 times higher than ADA's despite Cardano having nearly 3x higher market cap, highlighting a significant valuation-to-utility gap.
USDA stablecoin launches fiat gateways in 50 markets through Anzens partnership, powered by BitGo's institutional-grade custody infrastructure for deposits and withdrawals.
Trading for Midnight's NIGHT token is now live on Bitpanda, OKX, Bybit and other exchanges, with allocation claims active and a 4-phase thawing schedule spanning 1 year.
ADA jumps 8% with trading volume soaring 72% in 24 hours, ranking #4 among top daily crypto gainers on December 10, 2025.
Whale transfers 750 million ADA to Binance exchange.
CEO of NBX exchange calls USDM on Cardano the best stablecoin in the crypto industry.
Bitwise 10 Crypto Index Fund ETF begins trading on NYSE Arca after SEC clearance, including ADA among 10 cryptocurrencies in the fund.
OKX exchange announces support for Midnight (NIGHT) token airdrop distribution to holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX, and BAT.
NBX exchange enables trading and distribution of Midnight network's NIGHT token.
Deposits for $NIGHT token open via ADA Chain in partnership with Midnight Network, with a 200 million NIGHT token prize pool available.
Cardano holds 1.35% social dominance according to LunarCrush metrics, ranking 8th among tracked cryptocurrencies for mindshare and attention.
On December 1, 2025, Franklin Templeton's $1.6 trillion EZPZ ETF expands holdings to include ADA with 1% allocation in their regulated digital asset fund.
Midnight privacy chain opens claims for 4.5 billion NIGHT tokens on December 10.
Coinbase Derivatives launches 24/7 trading for Cardano monthly futures, with altcoin US Perpetual-Style Futures scheduled to go live on December 15.
Cardano executes a "silent reset" following a critical ledger error in November that nearly fractured the network.
Gate exchange launches Midnight Glacier Drop Phase 1 distributing 6.66 million NIGHT tokens (from 26.4M total pool) to holders of eight cryptocurrencies including ADA from December 5-8 UTC, with additional phases to follow.
Midnight privacy chain launches native NIGHT token for community access and liquidity toward decentralized mainnet, and top organizations approve 70 million ADA treasury withdrawal to fund infrastructure improvements.
BitGo integrates USDA as one of the first Cardano Native Tokens on its institutional custody platform, enabling secure institutional access to the Cardano DeFi ecosystem.
Cardano integration into Maya Protocol reaches final simulation testing stage with deployment scheduled within 1-2 weeks before year-end in Version 1.127 after clearing a key technical blocker last week.
Vanguard lists Bitwise 10 Crypto Index Fund including ADA, and Franklin Templeton expands Franklin Crypto Index ETF ($EZPZ) to include Cardano among eight cryptocurrencies.
Records 14% gain as one of four leading assets in crypto market rebound.
A chain split occurred in November 2025 caused by a single malformed transaction, resulting in two parallel ledger histories and hours of network fragmentation as newer and older nodes disagreed on transaction validity.
$250,000 ADA airdrop event launches on Crypto.com's Airdrop Arena platform, running from December 2, 2025 to January 1, 2026 with CRO-based participation.
Participation confirmed in closed-door Abu Dhabi Finance Week roundtable (Dec 10) with institutional finance leaders BlackRock, Franklin Templeton, Grayscale, ADIA, and global regulators, resulting in policy report delivered to 50+ regulatory jurisdictions.
24-hour DEX volume on the network is 58,000% lower than Solana's volume.
A $30M initiative aims to bring real liquidity to the network.
First 8-chain airdrop targets 33 million wallets. Midnight network achieves computational power equivalent to 2.5 years of BTC mining in 20 days.
The blockchain recorded zero chain fees in the last week according to comparative analysis of previous cycle projects.
The network now has over 11 million tokens.
USDM stablecoin on Cardano grows faster than USDT did in its early days on Ethereum.
ADA has been added to the Franklin Templeton index ETF.
Everstake launches new staking pool offering 0% fees for 4 months and higher APY. The recent poisoned transaction attack caused 14-hour service disruption with a chain split but no funds lost, Charles Hoskinson called FBI on the community member responsible who has publicly apologized.
A new token $NIGHT (Midnight) launches in early December according to community sources.
Cardano grant work completes, with StageNet testing and final simulations as next steps for Maya protocol integration.
Reeve 1.2 launches today.
The network suffers a poisoned transaction attack.
Coinbase CFTC regulated derivatives division launches 24/7 trading and five-year perp-style futures for ADA in early December.
The network experiences another outage after the previous recovery. The FBI investigation response causes developers to view working on the platform as too risky.