Cardano’s native cryptocurrency ADA has surged 7% over the week, trading between $0.59 and $0.62. This price increase coincides with significant technical enhancements across the network, including the Hydra and Midnight upgrades.
The upgrades have substantially improved Cardano’s scalability and transaction throughput, driving greater participation in decentralized finance (DeFi) protocols. As a result, the network’s total value locked (TVL) has risen markedly, reflecting strengthened ecosystem activity.
Charles Hoskinson, Cardano’s founder, emphasized that these advancements position the blockchain competitively within the industry. Growing developer contributions and increased project deployments on Cardano have further bolstered market sentiment.
The price momentum underscores Cardano’s distinct growth trajectory among Layer 1 blockchains, highlighting how infrastructure improvements and ecosystem expansion jointly reinforce the network’s value proposition.