In May, the Cardano 
$0.420957 network experienced a remarkable surge. Initially, daily transactions fell below 30,000, yet anticipation of ADA ETF approval drove them up to 50,000. TapTools reported a transaction volume of $684.6 million in the last 24 hours. During the same period, ADA’s price increased by approximately 8%, signifying growing investor interest.
ADA ETF Expectations and Network Transaction Trends
Experts emphasize that the upcoming ADA ETF decision by the US Securities and Exchange Commission is a key driver of Cardano’s vitality, regardless of the outcome. Even minor hints regarding ETF news trigger sudden transaction spikes on the chain, as institutional and individual actors compete to secure positions on the blockchain. With daily transfers nearing 50,000, combined with Cardano’s scalability updates, the network demonstrated its ability to function without congestion.
The sharp increase in network traffic also impacted transaction fees. While average fees remain lower compared to other major blockchains, recent congestion served as a significant stress test for developers. Stake pool operators are readjusting block sizes, and the community is preparing new decentralized finance projects to capitalize on ETF anticipation. The rise in daily active addresses indicates that previously dormant wallets are reactivating.
Investor Confidence and Price Movement Drivers
Since the beginning of May, ADA has reinforced its price chart with an approximate 8% rise, supported by volume. Analysts predict that if the ETF is approved, the price might soon challenge the psychological resistance of $1.20. The synchronized movement of price and volume reduces the likelihood of a false dawn caused by shallow buying. However, macroeconomic risks still pose the possibility of sharp pullbacks.
Despite ongoing volatility in the broader cryptocurrency market, Cardano’s core metrics remain relatively stable. Developer activity is increasing on GitHub, and smart contract deployments are gaining momentum. The volume of content promoting ADA on social media continues to grow in tandem with positive investor sentiment. Nonetheless, experts repeatedly caution that a delay or negative outcome in the ETF decision could swiftly revert transaction levels to their previous state.
