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Cardano nears ETF eligibility milestone amid DeFi growth and network upgrades.

Protocol Fundamentals
13 Aug 2026
Blockonomi
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Bullish
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Cardano's ADA price trades near $0.1856 after a recent drop from $0.2107, as the network hits a key ETF eligibility milestone following six months of regulated futures trading on CME. Despite Grayscale withdrawing its Cardano ETF filing, other asset managers may still pursue ADA ETFs. Cardano is expanding its DeFi ecosystem with 120 million ADA allocated through the Cardano PRIME proposal and is enhancing network capacity with Leios and Hydra upgrades. Interoperability grows via a testnet connection with Injective, and a Bitcoin bridge shows significant efficiency improvements, keeping investor focus on these developments.

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