CryptoPotato • October 10th 2026, 12:13 PM
Cardano Just Delivered Two Bullish Signals at TOKEN2049 as ADA Rebounds
Key Summary
Despite a recent market downturn, Cardano's on-chain data shows a surge in daily active addresses following the launch of a new token standard, while the Cardano Foundation advances its application for the .ada internet domain, a potential milestone for the ecosystem.
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Cardano Delivers Two Bullish Signals Amidst Market Volatility
On-Chain Activity and New Token Standard
On-chain data from Santiment Intelligence shows that Cardano recorded approximately 27,500 daily active addresses on October 7, a significant increase over the average weekday level seen in September.Milestone for Internet Domain
The Cardano Foundation's application for the .ada generic top-level domain has advanced to the next phase of ICANN's New gTLD Program, with approximately 75% support from the Cardano community through an on-chain Governance Action.Market Outlook
Despite the uptick in activity, Santiment warns that Cardano's price remains below its late-August local high, and it remains to be seen whether this increase survives beyond the initial launch period.#Cardano#ADA#TOKEN2049#US#Crypto