Cardano Staking Holds Firm at 57% Despite Price Slump
Key Summary
Cardano maintained a 57% staked supply ratio despite ADA spot prices dropping below $0.20 alongside broader market pullbacks. On-chain metrics showed MVRV ratios falling below zero with holders sitting on average losses, while Node 11.2 deployed to the mainnet with mandatory upgrade configurations.
Key Bullets
- Coinbase tracking data confirmed that 57% of the Cardano supply remained actively staked within network reward contracts.
- Short-term and long-term MVRV ratios fell below zero, placing average holders at losses of 15.21% and 8.9% respectively.
- Daily active addresses dropped from a peak of 29,000 down to a subdued range of 12,000 to 14,000 in recent sessions.
- Node 11.2 deployed to the mainnet with an envelope configuration format requiring immediate upgrades from all active operators.
Staking Metrics Defy Price Weakness
Cardano slid to $0.194 Monday morning as exchange order books absorbed broader macro liquidations across spot markets. Coinbase data showed that 57% of the total ADA supply remained locked in staking validators. Estimated reward rates spanned from 1.30% to 3.00% APY, with Coinbase offering 1.38% on user balances. This heavy lockup rate pointed to persistent holder retention even as token valuations faced downward pressure.
Santiment analytics tracked short-term 30-day and long-term 180-day MVRV ratios dipping firmly below zero. Average market participants sat on unrealized losses of 15.21% for the short-term cohort and 8.9% for the longer window. Daily active addresses tumbled from a peak of 29,000 in early October down to a narrow range of 12,000 to 14,000.
Dormant Supply And Network Upgrades
On-chain circulation metrics contrasted sharply with the capitulation events recorded earlier in the year. Two-year dormant circulation stayed quiet compared to the massive offloading seen when prices crashed toward $0.14. Both the 90-day and 2-year mean coin age trended higher over the past six weeks of steady price decline.
Node 11.2 went live on the mainnet, introducing core protocol upgrades. The release implemented a new envelope format that legacy nodes could not parse, forcing operators to execute manual upgrades. Price action remained muted following the technical rollout.
The Dijkstra Testnet And Node 11.2 Integration Timeline
This latest milestone builds upon roots established on November 9, 2026, when Input Output Global initially released Cardano Node 11.2 as a pre-release carrying the core Dijkstra feature set for integration testing. During that earlier phase, protocol engineers advanced Leios scaling prototypes while spot prices similarly retreated toward twenty cents and perpetual contract open interest dropped from $197M down to $181M. Cardano explorer telemetry from that period confirmed that 131.63 million tokens remained locked inside 2,720 retired stake pools without earning regular rewards, mirroring the persistent holder retention patterns observed across network validators today.
Impact score:2 out of 5 | Narrative Tracker:Layer 1 / Layer 2 Infrastructure
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