Cardano (ADA), the native token of the Cardano blockchain, has recently witnessed a remarkable surge in large transactions, totaling an impressive $2.5 billion within a span of just 24 hours. This surge, based on recent data, indicates a growing interest and confidence in the capabilities of the crypto’s ecosystem.
Alongside this surge in transaction volume, the total value locked (TVL) in the blockchain’s decentralized finance (DeFi) sector has also witnessed a significant increase, soaring to over $180 million.
Moreover, the trading volume on decentralized exchanges (DEXs) within the Cardano ecosystem has been steadily climbing, pointing to a burgeoning interest in decentralized trading and the increasing liquidity of ADA tokens.
Surge In Large Transactions And ADA Price Movement
In a period characterized by relative market calm, significant activity from major investors has emerged. The current price of ADA, as reported by CoinGecko, stands at $0.374995, down nearly 2% within the past 24 hours. ADA has also experienced a decline of 1.1% over the course of the last seven days.
Source: Coingecko
Accompanying the $2.5 billion surge in large transactions, the total number of ADA coins involved has increased by nearly 6 billion. Specifically, the number of large transactions has grown to 14,780, marking…
