Cardano Activity Surges as ADA ETF Decision Nears

Cardano is enjoying renewed momentum as daily transactions on the blockchain push toward 50,000, bolstered by growing excitement over a possible spot ADA exchange-traded fund (ETF).

The uptick in network activity and bullish sentiment has helped lift ADA’s price by nearly 8% since early May.

According to data shared by TapTools, Cardano’s daily transaction count has jumped from under 30,000 at the start of the month to a new high of 50,000. Alongside this rise in activity, the network has processed over $680 million in volume within a 24-hour span—another sign of accelerating on-chain demand.

The surge in transactions comes as the crypto community anticipates a key decision from the U.S. Securities and Exchange Commission (SEC) on whether to greenlight a spot ADA ETF.

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The ruling, expected by May 29, has driven speculation and interest among traders, with prediction markets like Polymarket now giving a 71% chance of approval.

If the ETF is approved, it could open the floodgates for institutional capital, similar to what was seen after the launches of Bitcoin and Ethereum spot ETFs.

Market watchers suggest that such a development could be a major catalyst for ADA’s next breakout, reinforcing Cardano’s growing role in the broader crypto ecosystem.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.