ADA surged 11% to $0.27 over the past 24 hours, its strongest one-day percentage gain since September 18, lifting Cardano’s market cap to $10.2 billion. The 24-hour trading volume stands at $950 million, while Cardano’s weekly DEX volume reached $42 million, roughly 3.5 times the previous week’s total. This rally coincides with a drop in daily Cardano DEX volume from $11.74 million on October 1 to $5.72 million on October 3, raising questions about the rally’s underlying support. Nevertheless, ADA remains 91% below its all-time high of $3.10 set on September 2, 2021. A sustained move above $0.2778 paired with a recovery in native DEX volume would provide stronger confirmation of the rally’s sustainability.
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