What is Cardano and its ecological background

Cardano (token symbol: ADA) is a third-generation public blockchain project driven by academic research, initiated by Ethereum co-founder Charles Hoskinson. Unlike traditional public blockchains, Cardano emphasizes scalability, security, and sustainable governance, utilizing the Ouroboros proof-of-stake consensus mechanism, and continuously upgrades through community governance. In terms of ecosystem, Cardano is actively working in areas such as DeFi, NFTs, and on-chain governance, attracting a large number of developers and node operators.

Current Cardano Price Overview

Figure:https://www.gate.com/trade/ADA_USDT

As of June 5, 2025, Beijing time, Gate data shows that the average trading price of Cardano Price is approximately $0.63. Since the beginning of the month, the ADA price has fluctuated between $0.75 and $0.82, with a weekly increase of nearly 5%, reflecting the market’s optimistic outlook for the medium-term.

The main factors affecting the price recently.

1. ETF rumors
   Recently, the progress of the review of the Cardano ETF by U.S. regulators has attracted significant attention. According to CoinMarketCap, the U.S. SEC has accepted the Cardano ETF application submitted by NYSE Arca, entering a 240-day review period. If the regulators approve, institutional funds may flow in rapidly, thereby providing significant support for the Cardano Price.
2. Leios Upgrade Expectations
   The Cardano community is advancing a network upgrade codenamed Leios. This upgrade will introduce a parallel pipeline execution mechanism similar to Solana, enhancing Cardano’s throughput and transaction speed. According to Watcher.Guru, if Leios goes live as scheduled in the middle of the year, it may improve user experience in the short term and further drive Cardano’s price upward.
3. Whale Buy-in and On-chain Data
   Data analysis shows that over the past two months, multiple large accounts have cumulatively purchased more than 300 million ADA, with a total market value approaching 250 million dollars. According to on-chain monitoring from CoinGecko, the number of active addresses has increased from 200,000 to 240,000, indicating a steady rise in community engagement and on-chain activity. These factors contribute to maintaining the bottom support for Cardano Price.

Technology Upgrade and Future Outlook

In the third quarter of this year, Cardano plans to advance a hard fork upgrade named Chang, which will introduce a fully decentralized governance mechanism and an integrated treasury system. Once the Chang hard fork is successful, the community will be able to decide on fund allocation through on-chain voting, further strengthening ecological autonomy. According to ZyCrypto, over 79% of nodes have expressed support for the upgrade, showing the community’s confidence in the governance design. In terms of the DeFi ecosystem, the total locked value (TVL) on Cardano has surpassed 320 million USD, an 18% year-on-year increase, indicating that ecological applications are gradually scaling up.

Overall, in the short term, the Cardano Price will continue to fluctuate around the range of $0.75 to $0.85. However, with the gradual implementation of technological upgrades such as Leios and Chang, as well as the optimistic expectations for ETF approvals in the market, the mid to long-term price is expected to break through the $1 mark. For beginners, it is recommended to pay attention to on-chain data and key upgrade points, using the Cardano Price as a reference indicator, and combining it with diversified asset allocation to achieve stable investment.