Cardano
Why Cardano is up 3.2% today
Analysis
Cardano (ADA) rose 3.2% over the past 24 hours likely as traders reacted to reports of a protocol upgrade milestone, with single-block transactions-per-second (TPS) hitting a new high. U.Today highlighted this performance improvement as a new all-time high for Cardano’s throughput, which can bolster sentiment around network scalability and near-term utility.
Contributing Factors (1)
New ATH for Cardano as Single-Block TPS Hits Milestone
The milestone comes as Cardano continues to work toward broader scaling improvements, with future upgrades expected to increase capacity.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.