Cardano (ADA) showcases positive movement in the cryptocurrency market, with technological and governance updates. Let's explore the current situation and recent developments.
Current Market Parameters for Cardano
Cardano (ADA) is trading at $0.8334 USD, reflecting a 2.74% increase over the past 24 hours. The platform ranks 10th by market capitalization with a current market cap of $29.5 billion USD. The 24-hour trading volume is recorded at $1.11 billion USD, marking a 66.86% increase compared to previous figures. The circulating supply is approximately 35.39 billion ADA, out of a total supply of 45 billion. Currently, ADA is stabilizing in the $0.80–$0.85 range.
Recent Updates and Developments
As part of the Voltaire governance module implementation, testing has been conducted on the devnet, with the first proposals for on-chain treasury expected in Q3. The Hydra Head protocol is now live on the mainnet, enabling off-chain microtransactions with near-instant finality. Since the beginning of July, over 30 new decentralized applications have been launched on the Cardano mainnet, focusing on DeFi lending, stablecoins, and gaming.
Future Prospects and Integrations
Cardano is expanding its blockchain infrastructure in Rwanda and Kenya, focusing on public services and digital identity. Additionally, a new cross-chain bridge protocol is under development to connect ADA with the Polkadot and Cosmos ecosystems, providing opportunities for DeFi asset transfers and shared governance.
Cardano is demonstrating steady development and adaptation to new market challenges. The latest updates in governance and technology highlight its active role in the cryptocurrency industry.
