Cardano activity increases in view of the upcoming decision on the ADA ETF
Cardano is experiencing a new upswing because the daily transactions on the blockchain rise to 50,000, supported by the growing enthusiasm for a possible stock market -traded fund (ETF) for ADA.
The increase in network activity and the optimistic mood have contributed to the fact that ADA's course has increased by almost 8 % since the beginning of May.
Sea Data From TapTools, the daily transaction number of Cardano has risen from less than 30,000 at the beginning of the month to a new high of 50,000. In parallel to this increase in activity, the network processed a volume of over $ 680 million within 24 hours – another sign for the increasing demand for blockchain.
The transactions are increased at a time when the crypto community expects an important decision by the US stock exchange supervisory authority SEC to admit a Spot-Ada ETF.
The decision expected for May 29 have fueled speculation and the interest of the dealers. Forecast markets such as polymarket currently indicate 71% for approval.
If the ETF is approved, this could trigger a flood of institutional capital, similar to the introduction of Bitcoin and Ethereum-Spot ETFs.
Market observers assume that such a development could be an important catalyst for the next break in ADA and would strengthen the growing role of Cardano in the broader crypto ecosystem.
