• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22

    Bull Run Kickoff – Bitcoin and Crypto Set to Soar

    2025-07-22

    Something BIG is About To Go Down…Got Bitcoin?

    2025-07-22

    More Proof That Crypto Altcoin Season Started

    2025-07-21
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Cardano: Will ADA react to the spike in development activity 
Altcoins

Cardano: Will ADA react to the spike in development activity 

2023-09-24No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 25, 2023


  • ADA’s development activity and active development contributor count spiked last week.
  • The token was down by nearly 2%, but investor confidence in ADA remained high.

Cardano’s [ADA] development activity spiked sharply over the last seven days, reflecting developers’ efforts to improve the blockchain. Input Output Global also released its latest edition of Cardano’s weekly development report, shedding light on the work done by different teams over the last week. While development around the blockchain increased, ADA’s price dropped over the past few days.


Is your portfolio green? Check the ADA Profit Calculator   


A closer look at Cardano’s development activity

As per Santiment’s data, Cardano’s development activity surged substantially over the last week. ADA’s active dev. contributors count also increased.

Source: Santiment

IOG’s latest report revealed what caused this surge in development activity last week. Cardano’s weekly development report mentioned that the majority of the Hydra and Mithril teams participated in a Cardano scaling workshop in Nantes, France.

The BASHO teams also resolved a bug that was causing hydra-node to crash when querying layer 1 and also worked on the refactoring and standardization of the errors in Mithril nodes.

Another week, another #Cardano development update, now live on #EssentialCardano. Check this week’s highlights and get the latest on core technology, wallets and services, smart contracts, and scaling and governance developments. https://t.co/7Zmx7WRWqF

— Input Output (@InputOutputHK) September 22, 2023

Last week in Voltaire, Intersect hosted a town hall, which faced some technical challenges that prohibited the planned GovTool demo.

See also  Gamers made up nearly half of all blockchain activity in January: DappRadar Report

On one hand, the Plutus tools team kept rewriting Marconi EpochState indexers with a simplified API. On the other hand, the Lace team made progress on the multi-delegation portfolio adjustments, fixed some issues related to unregistering a pool, worked on test coverage for Trezor support, and worked on UI/UX workflow for the DApp Store.

Apart from this, the report also mentioned ADA’s latest network statistics. For instance, ADA’s total transactions crossed 75.3 million, and its total number of native tokens reached 8.8 million. 

Cardano investors are stressed

Though ADA’s development activity remained high, it failed to positively affect ADA’s price action. According to CoinMarketCap, ADA was down by nearly 2% over the last seven days.

At the time of writing, ADA was trading at $0.2456 with a market capitalization of over $8.6 billion. ADA also witnessed a drop in daily active addresses last week, which was concerning. Nonetheless, its velocity was high, meaning that ADA was used in transactions more often within a set time frame.

Source: Santiment


Read Cardano’s [ADA] Price Prediction 2023-24


Though the current price trend was negative, the market’s confidence in ADA was high. According to LunarCrush, bearish sentiment around the token dropped by nearly 2% last week, while bullish sentiment increased by 6%.

Additionally, Coinglass’ data revealed that ADA’s demand in the derivatives market was high as its finding rate increased.

activity ADA Cardano Development react Spike
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETH to $4000, Bitcoin Price Rally, Altseason, ADA, XRP, SOL & More

2025-07-21

Cardano Finds A Use Case (Finally)

2025-06-28

Cardano & Polkadot’s Bitcoin Strategy: ADA & DOT To Pump?!

2025-06-26

ISO 20022 Cryptos: XRP, ADA, ALGO, XLM — Don’t Miss This Wave!

2025-05-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Bitcoin Update | Lego Room Tour

2024-06-22

In this video, I give an update on Bitcoin and why we saw sell-offs last…

Scams

Republican Senator John Kennedy Calls Banks Sophisticated Ponzi Schemes

2023-05-07

A Republican senator says that advancements in technology is exposing the fragility of the US…

Blockchain

SocialFi platform RepubliK teams up with Fireblocks for its Web3 security technology

2023-12-27

RepubliK, a leading SocialFi platform, published a press release announcing a partnership with Fireblocks —…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Something BIG is About To Go Down…Got Bitcoin?

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 115,500.95
ethereum
Ethereum (ETH) $ 3,644.01
xrp
XRP (XRP) $ 3.08
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 761.88
solana
Solana (SOL) $ 177.31
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.224655
staked-ether
Lido Staked Ether (STETH) $ 3,639.06
tron
TRON (TRX) $ 0.315016
bitcoin
Bitcoin (BTC) $ 115,500.95
ethereum
Ethereum (ETH) $ 3,644.01
xrp
XRP (XRP) $ 3.08
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 761.88
solana
Solana (SOL) $ 177.31
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.224655
staked-ether
Lido Staked Ether (STETH) $ 3,639.06
tron
TRON (TRX) $ 0.315016