Markets· ★★· neutral·

Cardano's ADA Jumps 6.29% to $0.2597, but On-Chain DEX Volume Halves Since October 1

  • —ADA gained 6.29% in 24 hours to $0.2597, with a daily range of $0.2425–$0.2679
  • —Cardano DEX volume fell 51% from $11.74 million on October 1 to $5.72 million on October 3
  • —Weekly DEX turnover reached $41.22 million, 3.5 times the previous week
  • —SundaeSwap accounted for 40% of DEX volume on October 3 — $2.27 million of $5.72 million
Why it matters: ADA's rally is driven by centralized exchanges ($602 million vs. $5.72 million on DEX), not by on-chain activity on Cardano.
Source: CryptoTicker