Cardano has exceeded 110 million total transactions, marking a significant milestone in the continuous growth of the block chain.
At the time of the publication, the Network has registered 110.09 million transactions, according to data from Cardanoscan. This shows an adoption and use consisting of the ecosystem. In addition, almost 22 billion cardano (ADA) are currently states in 2,992 groups of active stake, indicating a strong participation of the community in the maintenance of network and safety.
Ada market performance has remained tense despite the growing network activity. With a modest increase of 0.9% on the previous day, the Token is now quoted at $ 0.6811. However, the ADA has still dropped more than 11% during the past week.
On the last day, it has registered $ 541 million in negotiation volume, which represents an increase of 8.5%. This shows a growing market activity, although not necessarily in an upward direction.
In the derivative market, the open interest has increased by 2% to $ 818 million, while the negotiation volume has increased by more than 13% to $ 1.14 billion. This increase in leverage suggests that more merchants are betting on the ADA, possibly to the expectation of more volatility or directional movements.
From a technical perspective, most impulse and trend indicators suggest that the lower resistance path is still inactive. ADA is quoted below the main mobile averages, such as the levels of 10, 20, 50 and 200 days, all of which indicate that the bearish trend will continue.
The descending pressure is backed by the divergence of convergence of the negative mobile average. At 38, the relative force index is bassist but not yet in over -sales territory. An additional decrease, perhaps towards the region of $ 0.65, could be possible if the support area of $ 0.67 is broken. On the other hand, a short -term investment could occur if the price can recover and close above the range of $ 0.72.
Meanwhile, the development activity in the Cardano Network has been stable. The Cardano Foundation launched its 2025 ecosystem guide at the end of April, which presented practical applications in industries such as real estate and supply chain.
Almost at the same time, on April 20, the global entrance departure announced a collaboration with Bitcoinos to introduce the decentralized tests of Bitcoin (BTC) to Cardano through zero knowledge tests. It is anticipated that the implementation will take place at the end of this year.
In another update, Brave confirmed in May that he has integrated Ada’s support in his browser wallet, and the beta version is now available. More recently, on June 1, Wanchain added cross -chain routes to the Cardano ecosystem for the transfer of stable such as USD Coin (USDC) and Tether (USDT). Later, in 2025, Cardano’s native stables, such as USDM and USDM, are expected to be activated.
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