Cardano Reaches Major Milestone: 78% of Total Supply in Circulation

Cardano's Circulating Supply Reaches 78%

Cardano has reached a significant milestone, with over 78% of its total supply now in circulation. This makes it one of the most widely distributed cryptocurrencies, second only to Bitcoin among the top ten cryptocurrencies. The high circulating supply indicates that a large portion of ADA tokens are held by the public, fostering greater transparency and market stability.

Fixed Supply Model Enhances Scarcity

Cardano's fixed supply of 45 billion ADA tokens aligns with Bitcoin's scarcity model, which has contributed to Bitcoin's reputation as "digital gold." Unlike many other cryptocurrencies with flexible supply models, Cardano's capped supply is appealing to long-term investors who value assets with limited inflationary pressures.

Market Demand Drives Price Movements

With nearly 80% of its supply in circulation, Cardano is approaching market saturation. As a result, genuine demand will increasingly influence ADA's price movements, reducing inflationary pressure over time. This dynamic is similar to Bitcoin, where over 90% of its supply is in circulation, driving its value as a store of wealth.

Recent Price and Volume Surge

ADA has shown strong performance, gaining 10.97% in value over the past 24 hours, trading at $0.7341. Its trading volume has also surged by 70.7% to $1.1 billion, with a healthy volume/market cap ratio of 4.27%. This indicates robust trading activity relative to its market size, further solidifying Cardano's position in the cryptocurrency market.