Source: CoinMarketCap
That said, the token has seen notable uptake by whales and institutional figures such as Grayscale. ADA futures’ open interest has surged by almost 30% this month, indicating renewed institutional interest despite broader market volatility.
Similar to Ethereum, Cardano plans on offering a regulatory-compliant and privacy-focused sidechain for institutions. Other upcoming developments comprise scalability, cost-effectiveness, and community governance.
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