Cardano
ADA
Decentralized smart contracts blockchain platform
Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.38% | 0.79% | 13.34% | 20.71% | 66.38% | 13.42% |
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Fundraising not disclosed
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Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
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About Cardano
Cardano's evolution is marked by several pivotal milestones. The network completed its first fully on-chain governance hard fork, a historic shift where 77.6% of delegated representatives voted, establishing a precedent for decentralized protocol upgrades. The upcoming Dijkstra upgrade, split into two phases, targets Linear Leios for 2026 Q4 and Ouroboros Peras for 2027 Q2, aiming to boost throughput and transaction finality. A significant decentralization step involves transferring core software control to external teams like Se7en Labs and Teragone starting August, reducing reliance on Input Output. Grayscale's ETF initiatives, though withdrawn, signaled institutional interest, while the Cardano Foundation's summit cancellation due to treasury funding failure highlighted governance challenges. The approval of a $46.8 million developer experience program with 67.9% support, alongside the $80 million Orion fund with Draper Dragon for RWA and institutional DeFi, underscores a focus on scalability and real-world applications.
Positive:
In July, the Van Rossem hard fork activated with fully on-chain governance; it lowered Plutus costs, enhanced security, and paved the way for future upgrades.
In September, the Constitutional Committee renewal was approved (DReps 69.36%, SPOs 51.18%), avoiding governance paralysis and supporting the Leios and Dijkstra upgrades.
Core development was handed to external teams (Haskell/Rust/Go implementations), advancing decentralization; RealFi and Bitcoin DeFi (Pogun secured $600M commitments) added ecosystem growth expectations.
Negative:
ADA is down over 41% year-to-date, trading around $0.16-$0.20, roughly 95% below its all-time high, and has fallen out of the top 10.
DeFi TVL is only about $70M with weak network activity; no ETF exists, limiting institutional entry.
Governance participation is low; SPO approval was only 0.18pp above the threshold, as unvoted stake counts against, highlighting governance fragility.
Cardano co-founder: Charles Hoskinson (also CEO of IOG).
Core executives: Frederik Gregaard (CEO of Cardano Foundation), Giorgio Zinetti (CTO of Cardano Foundation), Romain Thierry Pellerin (CTO of IOG), Stephen Wood (CFO of Cardano Foundation), Nicolas J. (Chief Legal Officer of Cardano Foundation).
Charles Hoskinson co-founded Ethereum and IOG, leading Cardano's development. Frederik Gregaard, ex-PwC, drives adoption. Giorgio Zinetti, ex-UBS, oversees technical strategy. Romain Thierry Pellerin leads IOG's technology division. Stephen Wood, CPA, manages finance. Nicolas J. handles legal and regulatory matters.