About Cardano
Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.
Buy Cardano
Trading Insights
Buyer Ratio
Traders
9.9K
60.78%
Buyers
7K
90.26%
Sellers
3.2K
18.77%
Searched
5K
Market Stats
Market Cap
£21.84B
-6.96%
FDV
£27.46B
Circ. Supply
36B ADA
Max Supply
45B ADA
Total Supply
45B ADA
Diluted Valuation
£27.48B
Performance
Popularity
#10
Dominance
0.78%
Volume (24H)
£1.72B
182.35%
Volume (7D)
£10.36B
Volume (30D)
£19.66B
All time high
£2.30
Price Change (1Y)
134.36%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Staked assets: Staked crypto-assets (e.g. staked ETH, staked ATOM) are locked on the relevant blockchain protocol in order to secure the network and earn rewards.
Slashing risk: By electing to stake your assets, you risk potential loss if the network penalizes your validator for malfeasance, whether intentional or due to software issues. Some staking service providers (including Coinbase) will reimburse slashing losses when the validator operator is at fault.
Liquidity risk: Some protocols require staked assets to be locked for a period or time, which can prevent you from accessing or selling your assets quickly. You can find further information on staking lock-up periods here.
APY not guaranteed: The yield or reward rate you get from staking your assets is determined by the relevant protocol and is not guaranteed and may vary over time. You can find more information on how our staking APYs are calculated here.
Protocol risks: Staking protocols are often continually evolving. Changes or updates to the consensus mechanism can introduce new vulnerabilities or unforeseen outcomes.
Wrapped tokens: Wrapped crypto-assets (e.g. cbETH, WBTC) (often referred to as 'wrapped tokens') are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.
Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.
Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.
Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.
Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.
Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.
Additional details
Recent trends
The price of Cardano has decreased by 0.74% in the last hour and decreased by 7.09% in the past 24 hours. Cardano’s price has also fallen by 4.18% in the past week. The current price is £0.61 per ADA with a 24-hour trading volume of £1.72B. Currently, Cardano is valued at 73.40% below its all time high of £2.30. This all-time high was the highest price paid for Cardano since its launch.
The current circulating supply of Cardano is 35,800,453,490.388 ADA which means that Cardano has as total market cap of £21,844,088,291.82.
Market details
ADA vs markets
↗ 32.35%
ADA vs BTC
↗ 32.09%
ADA vs ETH
↗ 44.85%
Tags
dpos
pos
platform
research
+9
Network & Addresses
Network | Address | |
|---|---|---|
Base | 0xcbADA732173e39521CDBE8bf59a6Dc85A9fc7b8c | |
ADA | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.61 | ↘ 7.09% |
1 Day | £0.65 | ↘ 7.09% |
1 Week | £0.63 | ↘ 4.18% |
1 Month | £0.67 | ↘ 8.87% |
1 Year | £0.26 | ↗ 134.36% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Cardano is one of the biggest cryptocurrencies by market cap. It’s designed to be a next-gen evolution of the Ethereum idea — with a blockchain that’s a flexible, sustainable, and scalable platform. Cardano aims to enable smart contracts, which will allow developers to build a wide range of decentralized finance apps, new crypto tokens, games, and more. According to the creators of Cardano, “Ouroboros is the first provably secure proof-of-stake protocol… more secure, scalable, and energy-efficient than anything that has come before.”
The Cardano blockchain is divided into two separate layers: the Cardano Settlement Layer (CSL) and the Cardano Computing Layer (CCL). The CSL contains the ledger of accounts and balances (and is where the transactions are validated by the Ouroboros consensus mechanism). The CCL layer is where all the computations for apps running on the blockchain are executed — via the operations of smart contracts. The idea of splitting the blockchain into two layers is to help the Cardano network to process as many as a million transactions a second.
Unlike Ethereum-based tokens, Cardano native tokens aren’t created via smart contract. Instead, they run on the same architecture as the ADA cryptocurrency itself. According to the nonprofit Cardano Foundation, this makes Cardano native assets “first-class citizens” on the blockchain. Their native architecture can theoretically make these tokens more secure and reduce the fees associated with transactions.
Cardano was launched in September 2017 by Ethereum co-founder Charles Hoskinson, and aims to be a third-generation blockchain (or blockchain 3.0) project — building on top of the technology pioneered by Bitcoin (first gen) and Ethereum (second gen). Cardano’s goal is to be a highly scalable and energy-efficient smart contract platform.
The Ouroboros consensus mechanism is based on peer-reviewed research by a team of computer scientists and cryptographers from the University of Edinburgh, Tokyo University, and other institutions. Their goal was to build a decentralized network that could validate transactions in a scalable, secure way — while ensuring that the Cardano platform would be as energy-efficient as possible.
Cardano’s goal is to be the most environmentally sustainable blockchain platform. It uses a unique proof of stake consensus mechanism called Ouroboros, as opposed to the energy-intensive proof-of-work system currently used by Bitcoin.
Decentralized cryptocurrency networks need to make sure that all transactions are legitimate without the oversight of a central authority, like a bank. To accomplish this they use a “consensus mechanism” to verify transactions.
The original crypto consensus mechanism, called proof of work, was first popularized by Bitcoin mining. Proof of work requires a large amount of processing power contributed by virtual “miners” around the world. Rather than using a network of miners, proof of stake uses a network of invested participants called validators.
On March 1, 2021, the Cardano blockchain introduced the ability to create native tokens. Like Ethereum tokens — which can include things like NFTs or stablecoins — Cardano native assets can be created and distributed on the blockchain and are able to interact with smart contracts (once smart contracts are enabled on the platform).
Much like the Ethereum blockchain’s native cryptocurrency is ETH, the Cardano blockchain’s native cryptocurrency is ADA — which can be bought or sold via exchanges like Coinbase. Today, ADA can be used to store value (perhaps as part of your crypto portfolio), to send and receive payments, and for staking and paying transaction fees on the Cardano network.
You can hold ADA on Coinbase, in Coinbase Wallet, and using a number of crypto exchanges and wallets.
Released: September 2017
We update our Cardano to GBP currency in real-time. Get the live price of Cardano on Coinbase.
The current market cap of Cardano is £21.84B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Cardano is £2.30. This all-time high is highest price paid for Cardano since it was launched.
Over the last 24 hours, the trading volume of Cardano is £1.72B.
Assets that have a similar market cap to Cardano include TRON, Hyperliquid, Dogecoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Cardano is 36 billion.
Cardano ranks 6 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 98% of Coinbase users are buying Cardano. In other words, 98% of Coinbase customers have increased their net position in Cardano over the past 24 hours through trading.
Yes, Cardano is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Cardano guide.
Cardano news
Trending articles
Social stats
Popularity in posts
#6
Contributors
6,164
Posts
25,461
% About Cardano
1.7%
Articles
99
Hold times
0 days
X (Twitter)
35.13% bullish
Sentiment
4.2 ★
Highlights
6,164 unique individuals are talking about Cardano and it is ranked #6 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Cardano has an average sentiment score of 83 out of 5. Finally, Cardano is becoming less newsworthy, with 99 news articles published about Cardano.
On Twitter, people are mostly neutral about Cardano. There were 40.88% of tweets with bullish sentiment compared to 16.36% of tweets with a bearish sentiment about Cardano. 59.12% of tweets were neutral about Cardano. These sentiments are based on 23556 tweets.
On Reddit, Cardano was mentioned in 343 Reddit posts and there were 1370 comments about Cardano. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.