Cardano Surpasses 1.3 Million Staking Addresses Amid Network Upgrades and Market Uncertainty

• Cardano has reached a significant milestone by surpassing 1.3 million staking addresses, reinforcing its position as one of the most actively staked blockchain networks globally.

• This surge in staking activity follows recent platform expansions and upcoming network upgrades aimed at enhancing decentralization and user participation.

• According to Cardano trading platform TapTools, the network’s growth in staking addresses signals robust long-term engagement from ADA holders.

Cardano surpasses 1.3 million staking addresses, driven by platform expansions and network upgrades, highlighting growing ADA user engagement and staking activity.

Cardano’s Staking Growth: A New Benchmark in Blockchain Engagement

Cardano’s achievement of over 1.3 million staking addresses marks a pivotal moment in the network’s evolution. Staking addresses represent wallets that lock ADA tokens to secure the network and earn rewards, reflecting active participation from the community. This growth underscores Cardano’s increasing appeal as a blockchain platform that incentivizes long-term commitment and decentralization. The milestone was publicly highlighted by TapTools on June 16, 2025, emphasizing Cardano’s status among the most staked networks worldwide.

Impact of Platform Accessibility and Network Upgrades on Staking

The recent increase in staking addresses can be partly attributed to Bitstamp’s May 28 decision to enable UK customers to stake ADA directly on its exchange, simplifying the process for a broader user base. Additionally, Cardano’s development team announced plans on June 6 to enhance the network’s node infrastructure and introduce new reward models. These upgrades aim to support smaller stake pool operators, thereby promoting greater decentralization and inclusivity within the ecosystem. Such strategic improvements are expected to sustain and accelerate user engagement in staking activities.

Cardano’s Market Performance and Technical Indicators

At press time, ADA is trading at approximately $0.6483, reflecting a 3.5% increase over the past 24 hours. The token’s price has fluctuated between $0.6184 and $0.7263 in the last week, accompanied by a 30.6% rise in trading volume to over $419 million. On the derivatives front, Coinglass data reveal a slight decrease in volume to $870.21 million, while open interest rose by 3.28% to $778.49 million. This dynamic suggests that traders are positioning themselves strategically in anticipation of potential price movements.

Technical Analysis: Signs of Potential Recovery

Cardano’s daily chart indicates tentative signs of recovery after establishing support near $0.61. Currently trading just below the 20-day moving average (~$0.675), ADA faces a critical resistance level that has constrained upward momentum in recent weeks. A decisive break above this threshold could pave the way for a retest of the recent high near $0.73. Meanwhile, the Bollinger Bands are narrowing, often a precursor to increased volatility, with the price positioned in the lower half of the band, suggesting room for upward movement if momentum strengthens.

Momentum and Risk Considerations

The Relative Strength Index (RSI) stands at 42, indicating that ADA is not yet overbought and retains potential for further gains should buying pressure intensify. However, failure to surpass the $0.675–$0.70 resistance zone may result in a retracement to the $0.61–$0.62 support range. A breakdown below this level could signal a more pronounced bearish phase. For now, the trend remains neutral, with traders advised to monitor key technical levels closely.

Conclusion

Cardano’s milestone of exceeding 1.3 million staking addresses highlights the network’s growing strength and community engagement. Supported by strategic platform expansions and planned network enhancements, ADA’s staking ecosystem is poised for sustained growth. While market indicators suggest cautious optimism, the token’s price action remains within a neutral range, emphasizing the importance of monitoring upcoming resistance and support levels. Stakeholders should remain attentive to both technical signals and developmental progress to navigate Cardano’s evolving landscape effectively.

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