Cardano’s Momentum Fuels Strong Transaction Growth and Investor Confidence

Cardano experienced a surge in activity in May, marked by impressive transaction volumes and growing investor interest. Daily transactions exceeded 50,000 after anticipation surrounding the potential US Securities and Exchange Commission approval of an ADA-based ETF drove significant jumps. TapTools reported $684.6 million in transaction volume over the past 24 hours, demonstrating a sharp increase in network activity. This surge was accompanied by a price rally of approximately 8%, highlighting heightened investor confidence.