Cardano
ADA Rank 11 Rank 11
$0.587437 (+4.44%)

Cardano ADA price:

$0.587437 (+4.44%)
1h+1.18%
24h+4.44%
Week-1.35%
Month-5.70%
Year-0.67%
ETH 0.000161 (-2.74%)
BTC 0.00000551 (-0.07%)
$0.549583 24h Range $0.590245

Cardano (ADA) Metrics

Basic info
Source code
Asset type
Explorers
Market Cap Rank 11
$22,448,413,262.00 BTC 210,720.00
All Time High
$3.10 02 Sep 21 % to ATH (428.67%)
Volume (24h) Rank 17
$1,032,787,874.92 BTC 9,694.64
Circulating Supply
38,214,166,254 Total:44,995,037,804 Max: 45,000,000,000

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Cardano (ADA)

What is Cardano?

Cardano (ADA) is a cryptocurrency that operates on its own blockchain, known as the Cardano blockchain. Designed for scalability and sustainability, it aims to facilitate smart contracts and decentralized applications (dApps) while ensuring secure transactions. The Cardano token (ADA) is used for various purposes, including staking, governance, and paying transaction fees within the ecosystem. As a blockchain project, Cardano emphasizes a research-driven approach to development, making it a notable player in the cryptocurrency space.

When and how did Cardano start?

Cardano (ADA) was launched in 2017 and was created by Charles Hoskinson, one of the co-founders of Ethereum. The project is developed by Input Output Hong Kong (IOHK), a blockchain research and development company. Cardano's early development was marked by its initial listing on major exchanges such as Bittrex and Binance, which helped increase its visibility and adoption. The platform is notable for its research-driven approach, with a focus on peer-reviewed academic research to guide its development. In 2018, the Cardano Foundation was established to support the ecosystem's growth and governance. The project continues to evolve with significant upgrades, including the Alonzo hard fork in 2021, which introduced smart contract functionality.

What’s coming up for Cardano?

Cardano (ADA) is poised for significant advancements as it moves forward with its roadmap, focusing on scalability and interoperability. The upcoming Hydra upgrade aims to enhance transaction throughput, allowing for faster and more efficient processing on the network. Additionally, the community is actively working on expanding decentralized finance (DeFi) applications and improving smart contract capabilities, which are expected to drive greater adoption. Future plans also include fostering partnerships to enhance ecosystem growth and user engagement, positioning Cardano as a leading platform in the blockchain space. As these developments unfold, Cardano's focus on sustainability and innovation will likely attract new use cases and broaden its user base.

What makes Cardano stand out?

Cardano (ADA) is unique compared to other cryptocurrencies due to its innovative proof-of-stake consensus mechanism, called Ouroboros, which enhances energy efficiency and scalability. Unlike many blockchain platforms, Cardano emphasizes a research-driven approach, integrating peer-reviewed academic research into its development, making it a standout technology in the space. Its multi-layer architecture allows for real-world use cases in areas like supply chain management and identity verification, distinguishing it from other cryptocurrencies.

What can you do with Cardano?

Cardano (ADA) is primarily used for staking, enabling users to earn rewards by participating in the network's proof-of-stake consensus. It serves as a utility token for payments and is integral to various DeFi apps and NFT platforms built on its blockchain. Additionally, ADA holders can engage in governance, influencing the future development and direction of the Cardano ecosystem.

Is Cardano still active or relevant?

Cardano (ADA) is currently active and still traded on major exchanges, reflecting ongoing interest in the project. Development is ongoing, with regular updates from the team, including improvements to its smart contract capabilities and scalability. The active community presence further supports its status as a vibrant project, distancing it from being considered inactive or abandoned.

Who is Cardano designed for?

Cardano (ADA) is primarily built for developers and businesses looking to create decentralized applications and smart contracts on a scalable and secure blockchain platform. Its target audience includes DeFi users and organizations seeking to leverage blockchain technology for innovative solutions. The Cardano community is focused on fostering a sustainable ecosystem that encourages collaboration and growth within the crypto space.

How is Cardano secured?

Cardano (ADA) secures its network through a unique Proof of Stake (PoS) consensus mechanism called Ouroboros, which enhances blockchain protection by allowing validators, known as slot leaders, to create new blocks based on the amount of ADA they hold and are willing to "stake." This approach not only improves energy efficiency compared to traditional Proof of Work systems but also strengthens network security by incentivizing honest participation among validators.

Has Cardano faced any controversy or risks?

Cardano (ADA) has faced challenges related to its scalability and smart contract capabilities, leading to concerns about its long-term viability and competition in the blockchain space. While there have been no significant hacks or security incidents directly involving Cardano, the broader cryptocurrency market is characterized by extreme volatility, posing inherent risks to investors. Additionally, legal scrutiny around regulatory compliance continues to be a potential issue for Cardano as the landscape evolves.

Cardano (ADA) FAQ – Key Metrics & Market Insights

Where can I buy Cardano (ADA)?

Cardano (ADA) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the ADA/USDT trading pair recorded a 24-hour volume of over $260 771 699.08. Other exchanges include Deepcoin and Binance.

What’s the current daily trading volume of Cardano?

As of the last 24 hours, Cardano's trading volume stands at $1,032,787,874.92 , showing a 36.93% increase compared to the previous day. This suggests a short-term increase in trading activity.

What’s Cardano’s price range history?

All-Time High (ATH): $3.10
All-Time Low (ATL): $0.017354

Cardano is currently trading ~81.08% below its ATH and has appreciated +3,946% from its ATL.

What’s Cardano’s current market capitalization?

Cardano’s market cap is approximately $22 448 413 262.00, ranking it #11 globally by market size. This figure is calculated based on its circulating supply of 38 214 166 254 ADA tokens.

How is Cardano performing compared to the broader crypto market?

Over the past 7 days, Cardano has declined by 1.35%, underperforming the overall crypto market which posted a 4.44% gain. This indicates a temporary lag in ADA's price action relative to the broader market momentum.

News All News

Education All Education

Cardano Basics

WhitepaperCardano WhitepaperOpen
Development status Beta version
Org. Structure Semi-centralized
Open SourceYes
Consensus Mechanism Proof of Stake
Algorithm Ouroboros
Hardware wallet Yes
Started 29 September 2017
over 8 years ago
Website
Source code
Asset typeCoin
Explorers (6)
Tags
  • Decentralized Applications (127)
  • Smart Contracts (576)
  • Token Issuance (55)
  • Proof Of Stake (922)
  • Platform (367)
  • Layer 1 (L1) (169)
  • Alleged SEC Securities (45)
  • Made in USA (108)
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Faq
Forum
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Cardano Team

Name
Position
Other
PhD Duncan Coutts
Director, full stack engineer
-
PhD Lars Brünjes
Director of Education
-
PhD Philipp Kant
Director of formal methods
-
Peter Thompson
Developer
-
Darryl McAdams
Developer
-
Ante Kegalj
Developer
-
Jens Krause
Developer
-
Denis Shevchenko
Blockchain Developer
-
Alfredo Di Napoli
Core Developer
-
Jonn Mostovoy
Lead Developer
-
Arseniy Seroka
Lead Developer
-
Alexander Vieth
Developer
-
Mikhail Volkhov
Core Developer
-
George Agapov
Core Developer
-
Ivan Gromakovskii
Core Developer
-
Alexandre Baldé
Core Developer
-
Artyom Kazak
Core Developer
-
Dmitry Kovanikov
Core Developer
-
Ilya Lubimov
Core Developer
-
Vasileios Gkoumas
Developer
-
Kostas Vrakopoulos
Developer
-
Edsko de Vries
Consultant
-
Andreas Triantafyllos
Developer
-
Edward Tate
Developer
-
Stavros Chryselis
Developer
-
Javier Roberto Diaz
Developer
-
PhD Marcin Szamotulski
Developer
-
Jean-Christophe Mincke
Development manager
-
Nicholas Clarke
Consultant
-
Deepak Kapiswe
Developer
-
Tatyana Valkevych
Release manager
-
Chad Nester
Compilers Engineers
-
Michael Parsons
Cardano Foundation Chairman
-
Tom Kelly
Marketing & Community Manager
-
Jon Moss
Marketing Consultant
-
Maki Mukai
Content Marketing & Community Manager
-
Lei Hao
Marketing & Community Team
-
Ye Ji Kim
Marketing & Community Team
-
Bruce Milligan
General Manager
-
Steve Wagendorp
Head of Technical Operations
-
Juliette Adelfang
Delivery Assurance Lead
-
Tilmar Goos
Legal Counsel
-
Amanda Rasch
Office Manager
-
Nathan Kaiser
Chairperson
Pascal Schmid
Council Member
Domino Burki
Council Member
Manmeet Singh
Council Member (CIO Emurgo)
Ken Kodama
CEO Emurgo
-
Nicolás Arqueros
CTO Emurgo
-
Sumire Ono
Executive Assistant Emurgo
emurgo.io
Shunsuke Murasaki
Senior Manager, Business Development Emurgo
-
Yosuke Yoshida
Senior Manager, Corporate Planning & Business Development Emurgo
emurgo.io
Akihiro Yabe
Senior Manager, Corporate Department Emurgo
-
Kyle Peterson
Investment Group Emurgo
-
Shunsuke Mitsumoto
Manager, Public Relations Emurgo
-
Sebastien Guillemot
R&D Engineering Lead Emurgo
-
Takahiro Hoshi
ICO Consultant Emurgo
emurgo.io
Shigetaka Doi
Human Resources Emurgo
-
Ryuta Toida
Human Resources Emurgo
-
Takumi Sezaki
Corporate Development Emurgo
emurgo.io
Rebecca Valentine
Developer
-
Kristijan Šarić
Developer
-
Rob Cohen
Developer
-
Matthias Güdemann
Software Engineer
-
Thomas Winant
Consultant
-
Radu Ometita
Engineer
-
Michael Peyton-Jones
Engineer
-
Roman Kireev
Engineer
-
Vanessa McHale
Engineer
-
Alexander Nemish
Engineer
-
Matthias Benkort
Developer
-
Alexander Diemand
Developer
-
Polina Vinogradova
Software Developer
-
Jordan Millar
Developer
-
Matt Parsons
Developer
-
Kostas Dermentzis
Developer
-
Marko Dimjašević
Developer
-

Cardano Exchanges

Cardano Markets

By Volume
* Price / Volume Excluded - Outlier detected
** Volume Excluded - markets with no fees and transaction mining
*** Volume Excluded - no fresh data from exchange API

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