Cardano DEX Trading Surges by 2,965%, ADA Price Hits Weekly High
Cardano's decentralized exchange (DEX) activity has surged sharply in recent times. According to DeFiLlama data, Cardano DEX volume rose by a staggering 2,965% weekly, reaching $248.31 million in the past 30 days.
The surge in DEX trading has had a corresponding effect on ADA's price, which gained over 14% in seven days and reached a weekly high of $0.2617 during this period. The token currently trades near $0.256, close to the upper end of its September recovery range.
Cardano's ecosystem has also seen recent developments, with FC Barcelona launching Barca Fan Lab on Cardano, allowing users to participate in educational and community activities associated with the football club. Additionally, Yaci Store 2.0.3 expanded token metadata and governance support, while developers are preparing for the release of Yaci Store 3.0.0 beta.