Cardano Sees Massive Transaction Spike Amidst Speculation Over Potential ETF Approval

The Cardano network experienced a significant surge in transactions during May, driven by anticipation surrounding the potential approval of an ADA ETF. Daily transaction volumes jumped from under 30,000 to around 50,000 as investors and traders anticipated this development. This rise is reflected in a $684.6 million trading volume within a 24-hour period, alongside a nearly 8% price increase for ADA, indicating increased investor interest.