Cardano price

in USD
Top market cap
$0.81940
+$0.0073000 (+0.89%)
USDUSD
Market cap
$29.69B #8
Circulating supply
36.16B / 45B
All-time high
$3.0995
24h volume
$3.13B
3.9 / 5

About Cardano

Cardano is a research-driven blockchain that emphasizes security, scalability, and sustainability. It was created by one of the co-founders of Ethereum and is known for its academic approach to development. For investors, ADA offers exposure to a platform focused on long-term innovation and responsible growth. Cardano uses a Proof of Stake consensus mechanism called Ouroboros, which is designed to be energy-efficient. The platform supports smart contracts and aims to enable real-world applications in areas like education, identity, and finance.
Layer 1
Official website
Github
Block explorer
CertiK
Last audit: Jun 8, 2021, (UTC+8)

Cardano’s price performance

3 months
+30.45%
$0.62810
30 days
+37.52%
$0.59580
7 days
+11.66%
$0.73380
Today
-0.31%
$0.82190

Cardano on socials

DustyBC Crypto
DustyBC Crypto
💥BREAKING A MASSIVE FEE OF 3,700,001 $ADA , WORTH OVER $3 MILLION, WAS JUST PAID FOR A SINGLE TRANSACTION! WHAT ON EARTH HAPPENED HERE? 🤯
30.82K
214
dori
dori
What's going on here? A single transaction ended up using 3.7 million ADA as a fee.
3.26K
0
Shiro
Shiro
We're finally seeing a good $ETH pump, and I'm hitting a 2x since my last buy. 🫡 Feels like we might be getting the classic $BTC pump, then large caps, then alt season? Market Updates & Alpha ↓ + Alts that are still in accumulation 🧵 -------------------- Honestly I wasn't sure we'd have the classic rotation this late in the cycle. $BTC -> Large Caps -> Small Caps But it seems like we already got the $BTC pump, now the large caps, then hopefully the Alt Season will follow. $BTC has shown so much strength, with its dominance that didn't seem to slow down. Since the start of the year, $BTC has outperformed nearly all top 20 tokens, except for $HYPE. Now, BTC dominance is finally starting to drop. But we still need to go lower to get a proper Alt Season. Last time we broke the dominance trend, end of 2024, we got a pretty good Alt Season. The Alt Season Index is heading back into the Alt Season zone, and $ETH is reclaiming its rightful price above $3500. And as you’ve read here many times, people are expecting $ETH to lead the Alt Season, with profits trickling down into smaller caps after. -------------------- But you have to keep in mind we're also in a "take profit" zone. People usually are cautious in the beginning of a bull run, and get greedy toward the end. You should be doing the opposite, risk on at first, and reducing risk by taking profits on the way up. Do I think we're going higher? Yes, I think the top is not there yet. I'm still cautious here, but we might be entering a real phase of euphoria. ✦ Why is that? • We just hit an ATH with the total Crypto Market Cap reaching $4T. Money attracts money, sentiment is good. • $ETH above $3500, while many swore we'd never see $ETH even above $2000. $ETH pumping is something many weren't expecting, and among the things that can launch an Alt Season. • $BTC seems to be ranging between $117k to $121k. Which is a good thing for an Alt Season, but doesn't mean we can't breakout and push for another ATH later. Both scenario would result in some kind of euphoria. • An OG $BTC Wallet that's been dormant for years just awoke. With around $9.4B worth of $BTC to sell. Selling has started already, yet $BTC PA remains good, and no FUD has been spread around that. That's what happens in a euphoric market. • Trump is going to open the $9 trillion US retirement market (401k plans) to crypto investments, which obviously is a good long-term catalyst for inflows in $BTC. • Assets typically loved by the mainstream, like $XRP or $DOGE, are seeing huge pumps, which can definitely attract interest and give a signal of "Crypto is back". • An upcoming $SOL ETF is also another good catalyst. • Global Liquidity is rising, as well as crypto adoption. That's just a few reasons why the Market might turn even more euphoric. We could be hitting a small top of euphoria right now after a +120% on $ETH in just 3 months, yet we'll definitely see more euphoria for 2025. -------------------- So if we actually get a rotation into small caps, and a proper alt season, what hasn't pumped yet? AI. Honestly we've seen decent pumps for AI tokens, but nothing like we used to have back in late 2024. ✦ Why could it be among the biggest pumps of 2025? First of all, cause it's AI, it's everywhere now. Secondly, fundamentals are getting way better, and Crypto x AI is actually seeing use cases. Third, NVIDIA is still the largest company by Mcap, with a recent ATH. The latest quarterly earnings were very good, the next ones are end of August. It's bullish for AI in general. AI as a whole is just on an uptrend. -------------------- ✦ So which AI tokens am I bullish on in Crypto? That's almost the easiest part, as betting on AI as a whole is already a strong thesis. So we have some big caps I'm bullish on, if I should go with just one AI large cap, that'd be $TAO. I'd also consider #VIRTUAL for the AI Agent part of the narrative, but the PA hasn't been so good lately so i'd wait for signs of a reversal. And we have some small caps, that are the ones I'm the most interested in. $XMW $SERV $AVM $EMP $CODEC That's my picks. And most of them are in crazy good accumulation zones. I already talked about these here, if you want to start building your thesis: 🔗 I'm currently writing more detailed analyses & updates on these projects. Let me know if you're interested! 🫡 I'm mostly focused on AI, but I'm also keeping an eye on RWA and all kind of "real-world" projects, like $NKP. So I recommend you study $NKP. I'll be talking more about it soon. 👀 Also tell me if I'm missing any gem! Want more Alpha on the Market & on AI? Gang to Follow: @CryptoJonesRC @0xAndrewMoh @splinter0n @MetaverseRanger @Crypt0_Andrew @degenApe22 @DEXLaboratory4 @bobtherebuilt @dontbuytops @kenodnb @eli5_defi @Defi_Warhol @Deebs_DeFi @Defi0xJeff @arndxt_xo @0xTindorr @0xelonmoney @TheDeFinvestor @CryptoGirlNova @S4mmyEth NFA & DYOR as always 🫡
28.08K
36

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Cardano FAQ

The maximum supply of Cardano is capped at 45 billion, of which 31.11 billion tokens were in circulation during the launch of the network.

Like most crypto tokens and altcoins, Cardano’s price is susceptible to the larger crypto market price trends. This means that during bull cycles, Cardano’s price increases, and the price of Cardano falls during bear markets.

Apart from market trends, Cardano’s price is also affected by factors such as network upgrades and positive or negative news around the network. At OKX, we advise you to research any cryptocurrency before buying and trading them. Cryptocurrency is deemed a high-risk asset and prone to sharp price movements. Therefore, we ask that you only buy what you are willing to lose.

Furthermore, like all cryptocurrencies, Cardano is volatile and carries risks. Therefore, before buying, you should do your own research (DYOR) and evaluate your risk appetite before proceeding.

Bitcoin uses the Proof of Work (PoW) consensus mechanism that requires miners to use computers to solve a complex mathematical problem, making the process energy intensive. However, the miner who solves the problem gets to validate transactions and create a block and is rewarded in BTC.

On the other hand, Cardano uses the PoS consensus mechanism that is several times less energy intensive. In fact, according to Hoskinson's estimates, Cardano's energy usage is 0.01 percent of Bitcoins. This is why Cardano is sometimes referred to as the "green blockchain."

Cardano's development roadmap is divided into five stages: Byron, Shelley, Goguen, Basho, and Voltaire. During the Byron era, the Cardano team developed the foundational code for the network with the Ouroboros consensus mechanism at its heart, allowing users to exchange the native token, ADA.

The Shelley era focussed on decentralization to ensure that the nodes were run by a diverse group of people instead of centralized groups. Next, the Goguen phase saw the Alonzo upgrade that introduced smart contract capabilities to Cardano. The Vasil upgrade, part of the Basho era, focused on improving the network's scalability by improving throughput. Cardano is also working to introduce side chains to further boost scalability during this phase.

The Voltaire period will see the addition of voting and a treasury system for a self-sustained governance mechanism. It will allow users to stake their assets and vote on the future developments of the network.

While it’s challenging to predict the exact future price of ADA, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one Cardano is worth $0.81940. For answers and insight into Cardano's price action, you're in the right place. Explore the latest Cardano charts and trade responsibly with OKX.
Cryptocurrencies, such as Cardano, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cardano have been created as well.
Check out our Cardano price prediction page to forecast future prices and determine your price targets.

Dive deeper into Cardano

Cardano (ADA) is a third-generation blockchain platform looking to improve the workings of Ethereum and Bitcoin. Named after Gerolamo Cardano, a 16th-century Italian polymath, Cardano describes itself as a third-generation blockchain equipped with the technologies required to enable a sustainable and secure crypto network.

Like every Layer 1 blockchain project, Cardano also has its native token, which doubles as the consensus anchoring mechanism and a settlement currency. This token is named ADA after a 19th-century mathematician, Ada Lovelace, who developed the first computer algorithm and is regarded as the first programmer.

How does Cardano work?

Cardano is among the first blockchains to be built using the highly secure Haskell programming language. Its multi-layered protocol is capable of performing sophisticated functions, comprising of a Cardano Settlement Layer (CSL), which serves as a unit of account, and a Cardano Computing Layer (CCL), which executes smart contracts and facilitates identity recognition and compliance.

The workings of Cardano boil down to implementing an energy-efficient consensus mechanism called Ouroboros. Ouroboros is a Proof of Stake (PoS) consensus mechanism where users stake their assets to validate transactions. The validators are rewarded with ADA tokens in proportion to their staked assets. This in-house developed technology allows Cardano to use only a fraction of the energy used by legacy blockchains like Bitcoin and Ethereum to validate transactions and keep their networks secure.

Besides offering an environmentally friendly network, the Cardano blockchain resolves the scalability issues plaguing established blockchains without dialing down on the importance of decentralization. Specifically, Cardano currently processes 250 transactions per second (TPS), a considerably high figure compared to Ethereum's 15 TPS and Bitcoin's 4 TPS. It does this while providing the infrastructure required to develop and launch decentralized applications (DApps). Notably, these functionalities have elevated Cardano's popularity in the crypto community.

ADA tokens are used to pay transaction fees, and users can also stake their ADA tokens to receive ADA-denominated yields. In the future, holders can use their ADA tokens to participate in governance-related processes. When this happens, ADA holders will become the major stakeholders of the Cardano economy and will collectively decide on the future of the blockchain.

Over the years, Cardano has emerged as one of the top ten cryptocurrencies by market capitalization due to its sophisticated blockchain architecture and the endless potential it offers as regards blockchain scalability.

What is Cardano's Alonzo upgrade?

The Alonzo upgrade was one of the most significant enhancements to the Cardano network, adding smart contract capabilities. It was implemented on the Mainnet in September 2021 and furthered its aim of competing with Ethereum, the world's leading smart contract platform. The introduction of smart contracts laid the path for developers to build various applications on Cardano and even mint non-fungible tokens (NFTs), expanding the network's capabilities in the decentralized finance (DeFi) space.

What is Cardano's Vasil upgrade?

Another significant development for the Cardano ecosystem was the Vasil upgrade. Named after Vasil Dabov, a Bulgarian mathematician and former Cardano contributor who passed away in December 2021, the upgrade aims to enhance the network's capabilities. While the upgrade was initially scheduled for June 2022, it was delayed to September 22, 2022, a week after Ethereum, Cardano's biggest competitor, switched to a PoS network.

The Vasil upgrade enhanced Cardano's programming language Plutus, enabling developers to build dApps with greater speed, transactional capability, and powerful scripts. The upgrade also introduced diffusion pipelining, which streamlined the sharing of new blocks with network participants, ensuring that blocks can be shared in the network within five seconds of their creation. The Vasil upgrade was implemented as a hard fork and aimed to enhance the network's throughput and experience for all users.

ADA price and tokenomics

ADA has a max supply of 45 billion tokens, and 34.18 billion ADA tokens were already in circulation by September 2022. Initially, ADA was distributed through an initial coin offering (ICO) in which 25.9 billion ADA tokens were sold in five rounds of public sales for around $79.2 million.

A total of 5.18 billion ADA tokens, or 20 percent of the circulating supply of 25.9 billion, was distributed among the three entities responsible for the development of Cardano. They are Input Output Hong Kong (IOHK), the Cardano Foundation, and Emurgo. IOHK received 2.46 billion tokens, while Emurgo and the Cardano Foundation received 2.07 billion and 640 million ADA tokens, respectively.

Therefore, 31.11 billion ADA tokens were in circulation at Cardano's official launch, and the remaining 13.88 billion ADA tokens were set aside as a reserve to incentivize and reward stakers. The primary distribution mechanism of ADA is its staking mechanism. Like most blockchain solutions, Cardano runs an incentive-based economy designed to encourage participants to contribute positively to the growth and safety of the ecosystem.

Specifically, stakers are rewarded with ADA tokens as part of the mechanisms to encourage users to participate in the transaction validation process. In essence, staking doubles as a token emission system for Cardano as newly issued coins are periodically allocated to successful stakers. This will continue until 45 billion ADA coins are in circulation.

As mentioned earlier, the supply cap of ADA is 45 billion tokens, with approximately 34.18 billion tokens already in circulation. Considering that 31.1 billion ADA was allocated to various entities at the launch of Cardano, it is safe to say that around 2.9 billion ADA has been distributed via the staking mechanism.

About the founders

Cardano was launched in 2017 by founder Charles Hoskinson. Although Hoskinson started researching and building Cardano in 2015, the project and its native token, ADA, did not officially launch until 2017.

Before this, Hoskinson was heavily involved in creating Ethereum as one of its co-founders. He left the project due to differences in ideologies over the future of the network. Hoskinson reportedly wanted to accept venture capital and turn Ethereum into a for-profit project, while Vitalik Buterin wanted to keep it running as a non-profit.

Former Ethereum colleague Jeremy Wood approached Hoskinson soon after, and the two started Input Output Hong Kong (IOHK) in 2015. IOHK is an engineering company that primarily focuses on the development of Cardano while helping to build cryptocurrencies and blockchains for academic institutions, enterprises, and government entities.

In addition to being a contributor to Ethereum, Hoskinson was the founding chairman of the Bitcoin Foundation's education committee. He also established the Cryptocurrency Research Group in 2013.

What makes Cardano unique?

One thing that continues to set Cardano apart is how its development has unraveled via an open-source and peer-reviewed model. Cardano is peer-reviewed, as all of the components that have come together to make up its infrastructure were academically researched by experts around the globe using evidence-based methodologies. As such, it has taken longer than expected for some of the features of Cardano to come to life. This is due to the strict scrutiny that each upgrade must undergo before implementation.

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Market cap
$29.69B #8
Circulating supply
36.16B / 45B
All-time high
$3.0995
24h volume
$3.13B
3.9 / 5
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