Cardano price today: Cardano (ADA), the decentralized application platform coin, is trading at $0.207517 (-1.91% in 24h), ranked #20 with a $8.08B market cap and a Paprika Trust Score of 53/100 across 225 liquidity-verified markets.
Cardano (ADA) is a decentralized platform that enables the development and execution of smart contracts and decentralized applications with a focus on scalability, sustainability, and interoperability. As of Oct 23, 2026, it trades at $0.207517 with a market cap of $8.08B, ranking #20 among tracked cryptocurrencies.
It utilizes a unique proof-of-stake consensus mechanism called Ouroboros to enhance energy efficiency. Source: CoinPaprika.com
What is the ADA token used for?
The ADA token is associated with decentralized applications, building and executing smart contracts, token issuance, proof of stake, hosting decentralized applications, layer 1 (l1), alleged sec securities, and made in usa, based on the tags CoinPaprika applies to Cardano.
Cardano history and key milestones
Cardano started on Sep 29, 2017, CoinPaprika's price data for it begins on Oct 01, 2017, and it reached an all-time high of $3.095 on Sep 02, 2021.