Cardano's development plan raises the treasury's spending allocation from 350 million to 500 million ADA to build out core infrastructure. Network activity remains thin, with 21,700 transactions logged over the past day against roughly 57,000 at peak, and ADA trading near $0.16. Net selling on centralized exchanges has run for two weeks.
Cardano's development plan raises the treasury's spending allocation from 350 million to 500 million ADA, giving the network more room to build out core infrastructure. That funding arrives while network activity stays subdued and net selling continues.
ADA traded at around $0.16 at press time, down from an all-time high near $3.10. The token slipped 2.14% over the past 24 hours, while trading volume plummeted 23% to $177.3 million.
Transaction count drops to 21,700
The network logged just 21,700 transactions over the past day, a steep drop from roughly 57,000 at its peak. That pattern held across recent trading and much of this year, with Daily Transaction Count hovering between 11,000 and 20,000.
Active Addresses moved the other way, ticking up to roughly 13,860. That divergence suggested a larger pool of users still generated only limited activity, and thin on-chain participation paired with a low transaction count weighed heavily on the chain's utility.
Large investors drove net selling over two weeks
Spot Average Order Size data showed large whales dominated ADA trading on centralized exchanges. Weighed against Spot Market Netflow, that whale dominance translated into net selling of ADA over the past two weeks.
CoinGlass reported ADA's Spot Netflow this week came in at roughly $1.41 million, against about $143.43 million in Exchange Inflows. The pattern stretched back several weeks: the week beginning 13th of July logged roughly $167.39 million in inflows and a netflow of $1.82 million, consistent with continued net selling.
Treasury boost depends on demand
For now, the bullish case for ADA rests on the development plan. The move matters most if it drives higher on-chain activity, pulls in more active addresses, and attracts protocols to build on Cardano.
But builders remain scarce. DeFiLlama data shows just 62 protocols currently operate on the chain — a low figure for a network active for years. Those protocols hold a combined total value locked of $61.7 million.
Source: AMBCrypto
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