Cardano
Cardano Surges 19% Following Dijkstra Development Era Launch
Cardano achieved a new Nakamoto coefficient of 16 and weekly gains exceeding 19% after transitioning to its Dijkstra development phase.
Cardano reached a peak in decentralization with its Nakamoto coefficient climbing to 16, coinciding with a weekly rally that saw daily gains average more than 6%. The surge followed the blockchain's transition to the Dijkstra era, a newly approved roadmap that made Cardano the first chain to fund core development directly from its treasury.
Trading activity intensified alongside the price movement. Daily volume jumped more than 78% to reach $747 million, while the 7-day total climbed to $3.50 billion. Total Value Locked rose approximately 3% to $88 million, and decentralized exchange volume increased 17% to $13 million.
The ecosystem also expanded beyond its native chain. Cardano connected with Injective via the Inter-Blockchain Communication Protocol in testnet, enabling ADA and INJ tokens to be used across both blockchains.
Large holders responded to these developments. According to Santiment data, whales accumulated over 240 million ADA tokens in recent days. Spot market traders on Binance purchased more than 40 million ADA tokens, with the Bull/Bear Power indicator turning green.
Cardano's price broke above the $0.20 resistance level that had capped recovery attempts throughout the year, though the zone showed some weakness. Should the token hold above this level, technical analysts identified $0.24 and $0.30 as potential next targets. However, failure to maintain support above $0.20 could push the price back into the $0.14 to $0.20 range that has defined trading since July.
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