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#Cardano has recorded a sharp increase in network activity, with daily transactions climbing significantly over the past 24 hours.
According to data highlighted by blockchain fundamentals platform Chainspect, the network processed more than 24,000 transactions on Wednesday, marking its highest daily throughput of the previous week.
Cardano Transaction Volume Chart
The momentum has continued, with Cardano’s daily transaction count rising another 33% over 24 hours to 32,841 at press time. At press time, the network was processing 0.38 transactions per second, with an average block time of 20.2 seconds.
This surge adds to Cardano’s growing cumulative transaction count. Since its launch in September 2017, the blockchain has processed approximately 123.02 million transactions.
Cardano Maintains Strong Developer Activity
Beyond transaction growth, Cardano continues to demonstrate strong developer activity.
Chainspect currently records 303,143 commits for the network, placing Cardano among the leading blockchain ecosystems by development activity. However, the exact ranking can fluctuate as the underlying data changes.
Polkadot remains ahead with more than 701,000 commits, while Ethereum has recorded over 520,000. Nevertheless, Cardano ranks ahead of several major ecosystems, including Arbitrum and Optimism, which currently have roughly 200,000 and 182,000 commits, respectively. This comes as Cardano continues to work on major projects, including Ouroboros Leios, Hydra, and RealFi.
Cardano DeFi Activity Gains Momentum as ADA Nears $0.21
Meanwhile, Cardano’s DeFi sector has also shown signs of renewed activity, according to data from DeFiLlama.
The network’s total value locked (TVL) has increased 6.05% over the past 24 hours to $58.01 million. Additionally, decentralized exchange volume has climbed 22.42% over the past week to $9.15 million.
These gains come as ADA records a notable price recovery amid a broader market rally. Cardano is currently trading near the $0.21 level. Over the past 24 hours, ADA has surged 13.08% to $0.2082, extending its monthly gains to 21.35%.
Despite the strong recovery, Cardano remains the 15th-largest crypto by market cap, with a valuation of $7.6 billion. At the same time, its trading volume has jumped 52% over the past day to $804.78 million.
The combination of rising transaction activity, sustained developer engagement, stronger DeFi metrics, and ADA’s latest price gains highlights growing momentum across the Cardano ecosystem.
#CryptonewswithJack

#Ethereum (ETH) reserves are moving in different directions across major cryptocurrency exchanges.
Gemini and Bitfinex have recorded significant outflows, while Binance’s holdings have remained mostly stable, according to CryptoQuant analyst Amr Taha.
658,600 Fewer ETH on Exchanges
Data shared by Taha shows Gemini’s Ethereum reserve fell to 384,400 ETH on July 24. This marks its lowest level since March 2024.
Notably, the exchange has lost about 188,600 ETH, or 32.9%, since holding 573,000 ETH on April 23.
Meanwhile, Bitfinex has also seen a major decline. Its Ethereum reserve dropped from 2.71 million ETH on May 11 to 2.24 million ETH. That represents a reduction of roughly 470,000 ETH, or 17.3%.
Meanwhile, Binance’s Ethereum reserves have remained largely unchanged at around 3.8 million ETH during the same period.
Together, Gemini and Bitfinex now hold about 658,600 fewer ETH than before. At Ethereum’s current price of around $1,880, the reduction is worth approximately $1.24 billion.
Taha said that falling exchange balances reduce the amount of ETH immediately available for trading. However, reserve movements alone do not show investor intent or predict Ethereum’s future price direction.
Binance Ethereum Funding Rates Reach Six-Month High as Market Sentiment Improves
In a separate market update, Arab Chain highlighted improving sentiment in Ethereum’s derivatives market.
The 30-day simple moving average (SMA) of funding rates for Ethereum perpetual contracts on Binance has risen to approximately 0.00339. This is the highest level in six months, with ETH trading near $1,920.
Funding rates represent the cost traders pay to maintain leveraged positions. A rising positive funding rate usually signals stronger demand for long positions and growing bullish sentiment.
According to Arab Chain, the indicator has reversed after declining for several months. The shift comes as Ethereum has recently recovered in price.
ETH is trading at $1,885, down 2.3% over the past day but remains up 2.56% over the past week. Moreover, the monthly chart shows ETH is up 13%.
Essentially, the move in the derivative markets suggests traders are willing to pay to hold long positions, reflecting expectations that ETH could continue moving higher.
However, Arab Chain noted that funding rates are still below the elevated levels that have historically appeared before major market corrections.
He added that continued increases could signal rising leverage in the market. This may increase the risk of widespread liquidations if Ethereum faces a sharp price decline.
#CryptonewswithJack

$MAGMA remains in a **bearish** structure, with price sitting near **0.0000000000398** after a long fade and almost no fresh trading activity. Volume is flat and Binance Web3 data shows **zero 24-hour transactions**, pointing to weak momentum rather than a breakout. On-chain interest is thin, with just over 2,100 holders and no visible smart-money inflow. While broader BNB Chain names are still rotating,MAGMA is drifting without a catalyst. Can $MAGMA attract fresh demand before support gives way?
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The #Bitcoin CVDD model that has historically nailed the bottom now indicates that the premier crypto asset has a local base at $48,000.
Bitcoin (BTC) dropped under $60,000 on June 5, breaking below its February low of $60,130. While its price has recovered to $65,000, the decline may have done more than shake market confidence.
According to on-chain data highlighted by CryptoQuant analyst Axel Adler Jr., the move pushed a key behavioral metric into a territory historically associated with capitulation phases. Additionally, a separate valuation model now points to $48,000 as the cycle’s possible price bottom.
The Bitcoin Drop to $60K Triggered a Rare On-Chain Signal
Adler highlighted that one of the most notable developments during the early June decline was the behavior of Bitcoin’s Adjusted Sell-side Risk Ratio (SSRR). The metric slipped into its red zone for the first time since the previous market cycle.
Notably, the metric compares the value of Bitcoin supply in profit and underwater against realized capitalization. The red zone indicates that the value of coins sitting at a loss has caught up with and is beginning to exceed the value of coins sitting at a profit.
The development matters because it reflects growing stress among holders. Adler also linked this event to local capitulation phases and subsequent bottom formation, citing historical context. He noted that comparable conditions occurred in 2019 and 2023, both of which eventually gave way to broader recoveries.
While the SSRR printing red bars does not confirm a bottom, it does suggest that BTC has moved from a phase dominated by optimism into one characterized by significant unrealized losses and heightened caution, historically linked with local base formations.
The Bitcoin CVDD Model Continues to Point Toward $48K
Adler’s analysis also featured the Cumulative Value Days Destroyed (CVDD) model, which approaches Bitcoin from a valuation perspective.
The model incorporates both the value and age of coins that move on-chain, creating what analysts view as a long-term estimate of Bitcoin’s fundamental floor. Throughout Bitcoin’s history, price has rarely closed below the base CVDD line for any meaningful period.
Notably, the CVDD line continues to rise gradually over time, moving Bitcoin’s bottom higher in each cycle. According to the analysis, that line currently sits near $48,300, 25% away from the current price of $65,000.
Interestingly, this aligns with a separate projection from Ali Martinez. His commentary shows that the CVDD line accurately marked the bottom of the 2022 bear market and started a new bull market. BTC eventually surged to $126,200 three years later from the $15,000 lows.
What Could Confirm the Next BTC Trend
Adler noted that the next phase will likely depend on whether Bitcoin can maintain its footing above the levels where stress first appeared.
A positive scenario would involve price holding above the $60,000 region while SSRR gradually climbs out of the red zone. Such a development would suggest that the BTC supply at a loss is shrinking and that selling pressure is beginning to ease.
A bearish scenario involves Bitcoin revisiting lower levels and SSRR producing fresh negative readings. Here, attention could quickly shift toward the CVDD support zone near $48,000. Notably, the asset has not reached that low in the current cycle.
#CryptonewswithJack

#Shiba Inu could be gearing up for a massive price move that will surprise many after several years of boring price actions.
The analysis came from MMBTrader, who noted in a TradingView post that Shiba Inu (SHIB) is about to move. According to him, it is time for the meme coin to “wake up and pump hard.” But what is fueling this bold claim?
Key Points
Shiba Inu could be gearing up for a massive price move that will surprise many after several years of boring price actions.Shiba Inu has been stuck within a broader descending channel since making a lower high of $0.00001765 in May 2025.It entered a smaller wedge in October 2025 and continued to make lower highs and lower lows until a breakout on April 16.Boring accumulation phases have often preceded strong price pumps.
First Shiba Inu Bullish Signs
The bullish outlook comes after years of underwhelming price underperformance. SHIB has been on a downward trajectory since its 2021 peak near $0.0000885, a trend that has plagued the broader meme coin and altcoin market.
Shiba Inu has lost over 90% of its value and is currently trading near $0.00000635. However, MMBTrader emphasized that this trend is nearing its end, citing the first technical signs of bearish exhaustion.
The accompanying chart shows that Shiba Inu has been stuck within a broader descending channel on the daily timeframe since making a lower high of $0.00001765 in May 2025. Meanwhile, within this structure is a smaller descending wedge that further contained the token’s price.
It entered this smaller wedge in October 2025 and continued to make lower highs and lower lows until a breakout on April 16. Shiba Inu still trades above this smaller wedge, and the analyst views it as the first technically bullish sign.
Boring Accumulation Precedes a Strong Pump
The analyst added that boring accumulation phases have often preceded strong price pumps. The current phase has been prolonged, with the meme coin missing the previous bull phase that pushed major cryptocurrencies like Bitcoin, Ethereum, and XRP to new all-time highs.
This trend has tired out most holders, and according to the commentator, that is what market makers want. They use periods of prolonged accumulation to buy SHIB at lower prices, making outsized gains when the market rebounds.
As such, he suggests patience, stressing that the next phase of price expansion will be massive. He expects Shiba Inu to break out of all the descending channels to greater heights.
Possible Shiba Inu Price Targets
The chart shows that Shiba Inu targets an over 70% rise following the smaller channel breakout, taking its price past the larger channel’s resistance trendline around $0.00000861. Meanwhile, a sustained trend above this zone will kickstart a heavy pump.
According to the chart, the major target is $0.00002049, representing a 220% increase from the current market price. Before this price mark are micro supply zones at $0.0000130, $0.0000150, and $0.0000202.
In the meantime, on-chain data still show cautious sentiment among market participants. Open interest has declined by 4% to $61.5 million in the past 24 hours, suggesting that derivative interest is reducing. Trading volume has also dropped 13%, backing this narrative.
Additionally, eXchange netflow has turned positive, with 112 billion more tokens flowing into trading platforms in the past 24 hours. This suggests distribution rather than accumulation.
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