Cardano ETF Hype Intensifies as Network Metrics Go Parabolic—Wall Street Late to the Party Again?
ADA bulls are charging as institutional interest meets blockchain fundamentals. The ’Ethereum killer’ is flexing its muscles with record-breaking on-chain activity—just as BlackRock’s traders wake up to the asset’s potential.
Network stats don’t lie: Cardano’s daily active addresses just pierced the 500K mark, while TVL spikes 40% in Q2. Meanwhile, the SEC’s ETF approval odds now sit at 35% (up from single digits last December).
Cynics note the timing—mainstream finance always discovers crypto rallies just as retail traders start taking profits. But with staking yields holding steady at 3.5% and Vasil upgrades finally delivering, ADA might just have legs beyond speculative frenzy.
U.S. States Boost Bitcoin Exposure Through Strategy Stock Surge
Meanwhile, on-chain activity is showing signs of life. Blockchain data from Cardanoscan reveals a steady increase in daily transactions, with numbers rising from around 30,000 at the start of May to nearly 50,000 by mid-month. Though far from historic highs, the consistent throughput signals growing network engagement beyond speculation.
As investors weigh the potential for an ADA ETF, real-world usage may play a bigger role than ever in shaping the asset’s future trajectory.
