Cardano
Why Cardano is up 6.9% today
Analysis
Cardano (ADA) rose 6.9% over the past 24 hours after reports of a protocol upgrade pushed network performance to a new milestone, with single-block transactions per second (TPS) hitting a new high. This upgrade-driven throughput improvement likely boosted market sentiment around Cardano’s scalability and near-term network momentum.
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.