The Cardano network is showing strong signs of growth and adoption, even as its native token ADA faces ongoing price struggles. As of now, Cardano has processed over 110 million transactions, according to data from Cardanoscan. This steady rise reflects increased usage across its expanding ecosystem.
Staking and Community Involvement Remain Strong
Nearly 22 billion ADA are currently staked in 2,992 active stake pools. This points to a highly engaged community dedicated to securing and maintaining the network.
ADA Price Struggles to Gain Momentum
Despite the surge in network activity, ADA’s price has only seen a slight 0.9% uptick in the past 24 hours, trading at $0.6811. Over the last week, however, the token is still down by over 11%.
Market activity is growing. Daily trading volume has reached $541 million, marking an 8.5% increase. Yet, this rise hasn’t translated into bullish momentum—suggesting traders are cautious or hedging against further losses.
Derivatives Market Shows Rising Leverage
Open interest in ADA futures rose by 2% to $818 million, while futures trading volume increased 13% to $1.14 billion. This jump in leveraged positions may signal that traders are betting on increased volatility or major price moves in either direction.
Technical Outlook: Bearish Bias Persists
From a charting standpoint, ADA continues to trade below its 10, 20, 50, and 200-day moving averages. This setup confirms a bearish trend. The MACD (Moving Average Convergence Divergence) remains negative, reinforcing downward pressure.
The RSI (Relative Strength Index) sits at 38, suggesting bearish sentiment but not yet oversold conditions. If ADA fails to hold support at $0.67, a drop toward $0.65 could follow. Conversely, a recovery to above $0.72 might trigger a short-term rally.
Development Activity Keeps Pace
Despite price headwinds, Cardano’s development scene remains active:
- In April, the Cardano Foundation released its 2025 Ecosystem Guide, highlighting use cases in real estate and supply chain management.
- Around the same time, Input Output Global (IOG) partnered with BitcoinOS to develop zero-knowledge Bitcoin rollups for the Cardano network.
- In May, the Brave browser added ADA support to its wallet (now in beta).
- Most recently, Wanchain enabled cross-chain transfers involving stablecoins like USDC and USDT.
- Looking ahead, Cardano-native stablecoins USDA and USDM are expected to launch later in 2025.
