Cardano’s Market Dominance Soars 5.63% as DeFi Takes Center Stage

Cardano (ADA) witnessed a remarkable surge in market dominance, rising by 5.63% within the past 24 hours. The cryptocurrency now holds approximately 0.9% of the total crypto market share, positioning itself among leading contenders. This impressive rise can be attributed to several factors: a recent Valentine network upgrade, which enhances cross-chain communication and facilitates greater network utility, and burgeoning DeFi adoption on its platform. The positive trends are further bolstered by growing institutional interest in Cardano’s proof-of-stake blockchain alternative.