Cardano (ADA) recorded a 12% surge in the last 24 hours, outperforming most major altcoins.
The rally was fueled by:
- A spike in daily active addresses
- A 40% increase in DeFi TVL
- New developer activity across the Cardano ecosystem
Data from Messari shows Cardano’s daily transactions have grown steadily for three consecutive weeks.
Analysts note that ADA’s price structure now mirrors its early 2024 breakout pattern, suggesting more upside potential.
At the time of writing, ADA trades at $0.42.
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