Cardano Surges 14% After T. Rowe Price Inclusion, But DeFi Activity Uncertain

Cardano's price surged 13.79% to $0.209 following its inclusion in T. Rowe Price's Active Crypto ETF, which provides a new channel for institutional investors to participate in the market.

The addition of Cardano to the ETF has increased its visibility and potential liquidity, with analysts expecting the asset to trade between $0.202 and $0.216 in the coming days.

However, despite the short-term momentum, Cardano's DeFi sector total value locked has dropped 16.17% in 24 hours, indicating outflows and uncertainty in decentralized activity.