Cardano $ADA 24h trade volume reached as high as $654,000,000 according to CoinGecko. 24h trade volume surpassed TRON according to CoinGecko. $6,800 of $USDM was minted last week. Cardano’s MiCA-compliant and fiat-backed stablecoin now surpasses $15.88 million in reserves. $NIGHT surpasses 71,900 unique holders on Cardano according to Cexplorer. Ouroboros Leios saw over 65 updates last week, with its 1,000 TPS showcase now at 64% completion. Leios will uplift the L1 from 10 TPS to 500 TPS in the first release, a 50x improvement. IOG plans to launch testnet in June and mainnet by the end of 2026. Fireblocks & Iagon launch Cardano Vault. Fireblocks says its “RAW signing plus Iagon’s Cardano nodes and Insights API now give approved customers an operational path for $ADA and CNTs,” enabling transfers, staking, governance, a dedicated desktop app, unified SDK, and more. Iagon highlights its metrics for May, with over 24,500 TB in decentralized storage, and active presence in 384 cities across 58 countries. The network is currently powered by 809 Storage Nodes and 181 Cyclone Nodes, with over 122M $IAG staked. Analyst & Investor Javon Marks, featured on Yahoo Finance, still targets $2.91 $ADA, says “Cardano continues to hold a similar structure to 2021, and signs of strength are being shown. Prices can be getting ready here for a 900%+ rally, more than 10x.” ADA ranks as the 2nd largest network by validators after Ethereum, highlighting its massive distributed decentralized network and resilience since 2017, with nearly 3,000 validators. Cardano(dot)org upgrades its apps page on web and mobile to enhance its user experience. Cardano Foundation CEO Frederik Gregaard says “this makes it a lot easier to explorer applications on Cardano. So many great ones to choose from.” Grayscale rebalances its Smart Contract Fund, which holds 17.96% in $ADA as of May 1st, highlighting Cardano as the 3rd largest component. Cardano CRUSHES poll by Ledger, with over 44% of comments in support of $ADA, highlighting its social dominance. DeFiLlama’s LlamaAI says “Cardano $ADA’s stablecoin market cap is encouraging, with over 47% YoY growth and clear catalysts such as $USDCx, $USDA Africa, and potential Tier-1 onboarding, supporting further expansion.” DeFiLlama’s LlamaAI says “Cardano has real technical ambition and genuine institutional catalysts,” predicting that $ADA’s TVL could reach as high as $600,000,000 by the end of 2026 in a bull case, citing multiple events such as Leios, the Orion Fund, and Bitcoin DeFi. Charles Hoskinson says $NIGHT has “stuff for the old networks too. Monero’s been around a long time, we can give something to them, and same for Bitcoin, you bring new markets in. Having a stable open home for Web2.5, we avoid the mistakes of the banking industry.” Charles Hoskinson on Midnight, says “we just launched mainnet a few weeks ago, and I was very happy about the end result, so now we’re getting ready for a major milestone, and we have all these case studies, like Midnight Passport and Midnight City.” Charles Hoskinson says “Glacier Drop, we had to understand how Ripple’s cryptography worked, Solana, Ethereum, that was not easy, for one team to do a drop to 33.6M accounts, but we did it. $NIGHT got listed on Binance. At the all-time high, $9 billion a day in trading.” Charles Hoskinson on Midnight, says “nobody had self-sovereignty at scale for all the privacy-enhancing technologies with smart compliance. There’s partial solutions, but we wanted to build something for everyone, everywhere, one of the hardest products to build.” Charles Hoskinson says “one of the meta reasons why we created Midnight, was to make it safe, simple, and have rules—people get to set their rules and experiences—a curation where it’s safe and simple. Right now, it’s trusted third parties, and that’s not crypto.” David Gokhshtein highlights rising interest in privacy and cross-chain collaboration, says “I haven’t seen a lot of Monero people beef about Midnight at all, they’re more interested, and Bitcoiners are actually interested in Midnight and Bitcoin DeFi.” Charles Hoskinson says “Monero has been pioneers in a lot of stuff. We have an open door, and would love to collaborate with them on a lot of stuff, or if anything, just to help them with liquidity, DeFi, and other things. It’d be really exciting.” Crypto Banter’s Sheldon says “Cardano $ADA is looking to break out. It could end up being a magical break out.” Crypto Banter’s Sheldon says “Cardano $ADA is looking good. If we have a real move over the next few months, I’m looking way higher, up to 100% gains from here.” George CryptosRus says “a lot of people still love Cardano. This is what you gotta do, keep building, and when things come back, all that you’ve built will carry you forward. The true marketing is showing that as a leader, you’re not giving up, and you’re pushing forward.” Tier-1 Oracle Pyth Pro is now LIVE on Cardano!
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