This week, Cardano reached a significant milestone as over 78% of ADA tokens are now in circulation. This status strengthens Cardano's position as one of the most accessible crypto assets in the market.
Rise of ADA Token Circulation
According to data shared by TapTools, this figure makes ADA one of the least centralized assets among major cryptocurrencies. The high percentage of ADA in circulation reflects stronger decentralization compared to other crypto assets that still have large portions of supply locked.
Fixed Supply Model
Cardano operates on a fixed supply model similar to Bitcoin, meaning no additional ADA tokens will be minted. The total supply is capped at 45 billion tokens. This strategy supports long-term transparency for investors focused on finite-supply assets.
Price Dynamics and Future Trends
Currently, ADA is trading at $0.7341, reflecting a 10.97% gain over the past 24 hours. Trading volume for ADA has surged to $1.1 billion, marking a 70.7% increase in the same timeframe. The volume-to-market-cap ratio now stands at 4.27%, indicating healthy market activity.
Cardano's achievement of 78% circulating supply underscores its decentralized nature and potential for demand-driven growth. As ADA approaches full market saturation, its fixed supply and increasing trading activity could further define its role in the evolving cryptocurrency landscape.
