Cardano Surges on Dijkstra Era Transition, Price Breaks $0.20 Resistance

Cardano's ADA token has surged by more than 19% this week following its transition to the Dijkstra development era, which allows the chain to fund core development directly from its treasury.

The move has also seen a significant increase in daily trading volume, jumping by over 78% to $747 million and reaching a 7-day sum of $3.50 billion on Token Terminal.

The Total Value Locked (TVL) in the chain's ecosystem has risen by around 3%, reaching $88 million, while the weekly DEX volume increased by 17%, reaching $13 million.

Whales have accumulated over 240 million ADA in the past few days, according to Santiment data, and Cardano's price has broken above the $0.20 resistance level.