Cardano
Why Cardano is up 6.5% today
Analysis
Cardano (ADA) rose about 6.5% over the past 24 hours as traders reacted to reports of a protocol upgrade driving improved network performance. U.Today highlighted that Cardano reached a new all-time high in single-block throughput (TPS) as it hit a milestone, which likely boosted sentiment around scalability and near-term adoption potential.
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.