Cardano (ADA) Metrics
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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.
Trends Market Overview
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#1800
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Cardano Basics
| Whitepaper | Open |
|---|
| Development status | Beta version |
|---|---|
| Org. Structure | Semi-centralized |
| Open Source | Yes |
| Consensus Mechanism | Proof of Stake |
| Algorithm | Ouroboros |
| Hardware wallet | Yes |
| Started |
29 September 2017
over 8 years ago |
|---|
| Website | cardano.org |
|---|
| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (6) | adaex.org adapools.org blockchair.com cardanoexplorer.com |
|---|
| Tags |
|
|---|
| CardanoFoundation/ | |
| Faq | cardanohub.org |
| Forum | forum.cardano.org forum.cardanohub.org |
| reddit.com |
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Cardano Team
Tom is an experienced marketing professional, with a background focused on growing technology businesses from the ground up.
Tom Kelly is engaged in 1 projectsJon helps businesses and organizations to be more successful through a better understanding and use of marketing, community and technology.
Jon Moss is engaged in 1 projectsMaki is a marketing professional who has had the opportunity to work in a number of diverse industries.
Maki Mukai is engaged in 1 projectsLei is an academic and strategic advisor specializes in technology and business.
Lei Hao is engaged in 1 projectsYe Ji is a management professional who has had the experiences of working with various stakeholders from startups to government officials.
Ye Ji Kim is engaged in 1 projectsSince the Cardano Foundation was initiated in 2015 Bruce has driven the growth of its operations, shaping strategy and delivering presentations.
Bruce Milligan is engaged in 1 projectsSteve joined the Cardano Foundation having recently managed operations for an asset manager in Zurich focusing on fund administration, compliance, regulatory matters and IT.
Steve Wagendorp is engaged in 1 projectsJuliette started her career in the insurance industry doing performance analysis and training development for new personnel.
Juliette Adelfang is engaged in 1 projectsTilmar Wilhelm Goos is a Swiss based international tax and business specialist. He has nearly 10 years’ international experience and has been working in China, Mexico, the Netherlands, and Portugal.
Tilmar Goos is engaged in 1 projectsAmanda grew up and graduated in Switzerland and since worked in the Financial Industry in various roles.
Amanda Rasch is engaged in 1 projectsCardano Exchanges
Cardano Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Cardano
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $2 119 378 114 642 | $106 252 | $43 691 708 384 | 19,946,662 | |||
| 2 | Ethereum ETH | $436 476 377 669 | $3 624.43 | $30 206 003 813 | 120,426,316 | |||
| 5 | BNB BNB | $140 489 777 342 | $1 009.38 | $2 906 447 705 | 139,184,442 | |||
| 6 | Solana SOL | $92 416 467 640 | $166.94 | $6 561 038 301 | 553,591,364 | |||
| 10 | TRON TRX | $25 180 322 957 | $0.291563 | $1 270 620 904 | 86,363,298,503 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | Solana SOL | $92 416 467 640 | $166.94 | $6 561 038 301 | 553,591,364 | |||
| 10 | TRON TRX | $25 180 322 957 | $0.291563 | $1 270 620 904 | 86,363,298,503 | |||
| 33 | Toncoin TON | $5 283 218 944 | $2.12 | $91 544 496 | 2,486,796,410 | |||
| 38 | Internet Computer ICP | $4 036 774 874 | $7.48 | $1 338 872 216 | 539,598,757 | |||
| 42 | Near Protocol NEAR | $3 491 292 494 | $2.95 | $1 076 481 626 | 1,185,165,436 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | XRP XRP | $144 581 417 187 | $2.41 | $3 396 629 133 | 60,107,199,237 | |||
| 6 | Solana SOL | $92 416 467 640 | $166.94 | $6 561 038 301 | 553,591,364 | |||
| 7 | USDC USDC | $75 829 831 022 | $1.000777 | $12 342 762 649 | 75,770,933,293 | |||
| 9 | Dogecoin DOGE | $27 096 794 684 | $0.181678 | $2 552 856 206 | 149,147,696,384 | |||
| 16 | Zcash ZEC | $10 370 335 579 | $635.12 | $2 874 235 166 | 16,328,269 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $436 476 377 669 | $3 624.43 | $30 206 003 813 | 120,426,316 | |||
| 49 | Ethereum Classic ETC | $2 513 551 356 | $16.29 | $446 817 304 | 154,262,360 | |||
| 184 | Polygon MATIC | $348 471 693 | $0.182085 | $55 917.18 | 1,913,783,718 | |||
| 247 | EOS EOS | $210 916 432 | $0.294508 | $785 128 | 716,165,006 | |||
| 261 | Qtum QTUM | $195 702 533 | $1.95 | $53 688 827 | 100,165,498 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 23 | Sui SUI | $7 954 947 158 | $2.16 | $674 032 104 | 3,681,325,480 | |||
| 29 | Avalanche AVAX | $7 583 560 284 | $17.96 | $469 685 479 | 422,275,285 | |||
| 38 | Internet Computer ICP | $4 036 774 874 | $7.48 | $1 338 872 216 | 539,598,757 | |||
| 42 | Near Protocol NEAR | $3 491 292 494 | $2.95 | $1 076 481 626 | 1,185,165,436 | |||
| 45 | Aave AAVE | $3 250 318 642 | $215.64 | $373 940 178 | 15,073,211 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $436 476 377 669 | $3 624.43 | $30 206 003 813 | 120,426,316 | |||
| 5 | BNB BNB | $140 489 777 342 | $1 009.38 | $2 906 447 705 | 139,184,442 | |||
| 6 | Solana SOL | $92 416 467 640 | $166.94 | $6 561 038 301 | 553,591,364 | |||
| 10 | TRON TRX | $25 180 322 957 | $0.291563 | $1 270 620 904 | 86,363,298,503 | |||
| 15 | WETH WETH | $13 648 438 204 | $3 624.22 | $573 968 904 | 3,765,896 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $436 476 377 669 | $3 624.43 | $30 206 003 813 | 120,426,316 | |||
| 6 | Solana SOL | $92 416 467 640 | $166.94 | $6 561 038 301 | 553,591,364 | |||
| 23 | Sui SUI | $7 954 947 158 | $2.16 | $674 032 104 | 3,681,325,480 | |||
| 29 | Avalanche AVAX | $7 583 560 284 | $17.96 | $469 685 479 | 422,275,285 | |||
| 33 | Toncoin TON | $5 283 218 944 | $2.12 | $91 544 496 | 2,486,796,410 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $436 476 377 669 | $3 624.43 | $30 206 003 813 | 120,426,316 | |||
| 28 | Hedera Hashgraph HBAR | $7 607 768 372 | $0.179111 | $225 419 690 | 42,475,229,924 | |||
| 49 | Ethereum Classic ETC | $2 513 551 356 | $16.29 | $446 817 304 | 154,262,360 | |||
| 171 | NEO NEO | $385 555 526 | $5.47 | $25 445 434 | 70,538,831 | |||
| 247 | EOS EOS | $210 916 432 | $0.294508 | $785 128 | 716,165,006 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Cardano




