{"id":633276,"date":"2025-08-06T08:00:43","date_gmt":"2025-08-06T08:00:43","guid":{"rendered":"https:\/\/uniquehot.com\/?p=633276"},"modified":"2025-08-05T18:27:38","modified_gmt":"2025-08-05T18:27:38","slug":"cardano-defies-market-downturn-on-chain-activity","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-defies-market-downturn-on-chain-activity\/","title":{"rendered":"Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show"},"content":{"rendered":"

The ongoing plunge in the overall crypto market fairly began back in July where the global crypto market cap initially fell to $2.5 trillion from $2.7 trillion earlier in May. However, despite this downturn recorded in July, Cardano (ADA), the 9th largest crypto by market cap appears to have defied this bearish trend.<\/p>\n

Particularly, according to the Cardano foundation, the blockchain\u00a0stands out<\/a> in July for its notable increase in on-chain activity, despite broader market setbacks. The data provided by the Foundation reveals that the network is not only sustaining but also building momentum, a sign of resilience and growing user engagement<\/a>.<\/p>\n

Cardano July Growth<\/h2>\n

Regarding the network\u2019s health, statistics revealed by the foundation show that Cardano saw a modest yet worthy increase in transactions to 94.6 million, up by 1.62% from the previous month.<\/p>\n

Related Reading: Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA<\/a><\/p>\n

This uptick is dissected into varied transaction types, showcasing a diverse usage of the blockchain. Among these, 37% were smart contracts, reflecting the network’s strong capabilities<\/a> beyond simple transactions, which accounted for 38%.<\/p>\n

Additionally, 25% involved metadata without smart contracts, highlighting the blockchain’s adaptability and the wide array of applications it supports.<\/p>\n

The foundation’s data also detailed growth in several other key areas of the Cardano network, underlining the technological advancement and deepening user involvement.<\/p>\n

Plutus scripts, which are essential for running smart contracts on Cardano, saw a rise of 1.88%, totalling 6,659. This increase is a direct reflection of the growing developer activity<\/a> and the deployment of more complex applications on the platform.<\/p>\n

Moreover, the ecosystem saw a growth in native tokens, up by 1% to 10.2 million, and an even more significant rise in policies, which surged 7.6% to reach 150,477.<\/p>\n

\"Cardano
Cardano on-chain statistics. | Source: Cardano Foundation on X<\/a><\/figcaption><\/figure>\n

Wallet statistics also paint a picture of broadening participation within the Cardano community. The total number of Cardano wallets increased by 0.71% to 4.84 million, with delegated wallets slightly up by 0.02% to 1.35 million.<\/p>\n

This marginal growth in delegated wallets suggests a stable interest<\/a> in staking and governance participation among ADA holders.<\/p>\n

ADA Current Market Performance<\/h2>\n

Regardless of this notable growth in Cardano’s on-chain activities last month, the blockchain’s native token ADA has joined in on the global crypto market downturn. Over the past 24 hours alone, ADA has recorded a roughly 7.1% decrease in its value.<\/p>\n

Related Reading: Hoskinson Claims Cardano Will Flip Bitcoin As Leading Crypto<\/a><\/div>\n

This decline has brought the asset to currently trade at a price<\/a> of $0.3202, at the time of writing<\/span>\u2014a slight increase from the price tag of $0.2789 seen earlier today.<\/p>\n

\"Cardio
ADA price is moving downwards on the 1-hour chart. Source: ADA\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Interesting, despite this plunge, ADA’s 24-hour trading volume has surge significantly from below $400,000 as of yesterday to roughly above $1.250 million as at the time of writing.<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

The ongoing plunge in the overall crypto market fairly began back in July where the global crypto market cap initially fell to $2.5 trillion from $2.7 trillion earlier in May. However, despite this downturn recorded in July, Cardano (ADA), the 9th largest crypto by market cap appears to have defied this bearish trend. Particularly, according to the Cardano foundation, the blockchain\u00a0stands out in July for its notable increase in on-chain activity, despite broader market setbacks. The data provided by the Foundation reveals that the network is not only sustaining but also building momentum, a sign of resilience and growing user engagement. Cardano July Growth Regarding the network\u2019s health, statistics revealed by the foundation show that Cardano saw a modest yet worthy increase in transactions to 94.6 million, up by 1.62% from the previous month. Related Reading: Cardano Goes Toe-To-Toe With Ethereum As Whales Scoop Up 120 Million ADA This uptick is dissected into varied transaction types, showcasing a diverse usage of the blockchain. Among these, 37% were smart contracts, reflecting the network’s strong capabilities beyond simple transactions, which accounted for 38%. Additionally, 25% involved metadata without smart contracts, highlighting the blockchain’s adaptability and the wide array of applications it supports. The foundation’s data also detailed growth in several other key areas of the Cardano network, underlining the technological advancement and deepening user involvement. Plutus scripts, which are essential for running smart contracts on Cardano, saw a rise of 1.88%, totalling 6,659. This increase is a direct reflection of the growing developer activity and the deployment of more complex applications on the platform. Moreover, the ecosystem saw a growth in native tokens, up by 1% to 10.2 million, and an even more significant rise in policies, which surged 7.6% to reach 150,477. Wallet statistics also paint a picture of broadening participation within the Cardano community. The total number of Cardano wallets increased by 0.71% to 4.84 million, with delegated wallets slightly up by 0.02% to 1.35 million. This marginal growth in delegated wallets suggests a stable interest in staking and governance participation among ADA holders. ADA Current Market Performance Regardless of this notable growth in Cardano’s on-chain activities last month, the blockchain’s native token ADA has joined in on the global crypto market downturn. Over the past 24 hours alone, ADA has recorded a roughly 7.1% decrease in its value. Related Reading: Hoskinson Claims Cardano Will Flip Bitcoin As Leading Crypto This decline has brought the asset to currently trade at a price of $0.3202, at the time of writing\u2014a slight increase from the price tag of $0.2789 seen earlier today. Interesting, despite this plunge, ADA’s 24-hour trading volume has surge significantly from below $400,000 as of yesterday to roughly above $1.250 million as at the time of writing. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":633280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,134,136,12332,6664,10923],"class_list":["post-633276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-altcoin","tag-altcoin-market","tag-cardano","tag-crypto","tag-crypto-market"],"acf":[],"yoast_head":"\nCardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show<\/title>\n<meta name=\"description\" content=\"The ongoing plunge in the overall crypto market fairly began back in July where the global crypto market cap initially fell to $2.5 trillion..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-defies-market-downturn-on-chain-activity\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-defies-market-downturn-on-chain-activity\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2025-08-05-17.45.56-A-digital-illustration-showing-Cardanos-rise-in-on-chain-activity-despite-a-market-downturn.-The-image-features-the-Cardano-symbol-prominently-displa.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2025-08-05-17.45.56-A-digital-illustration-showing-Cardanos-rise-in-on-chain-activity-despite-a-market-downturn.-The-image-features-the-Cardano-symbol-prominently-displa.jpg?fit=1024%2C1024"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausdt","altcoin","altcoin market","cardano","crypto","crypto market"],"dateCreated":"2025-08-06T08:00:43Z","datePublished":"2025-08-06T08:00:43Z","dateModified":"2025-08-06T08:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Defies Market Downturn: On-Chain Activity Surges in July, Stats Show\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-defies-market-downturn-on-chain-activity\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-defies-market-downturn-on-chain-activity\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2025-08-05-17.45.56-A-digital-illustration-showing-Cardanos-rise-in-on-chain-activity-despite-a-market-downturn.-The-image-features-the-Cardano-symbol-prominently-displa.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2025-08-05-17.45.56-A-digital-illustration-showing-Cardanos-rise-in-on-chain-activity-despite-a-market-downturn.-The-image-features-the-Cardano-symbol-prominently-displa.jpg?fit=1024%2C1024\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausdt\",\"altcoin\",\"altcoin market\",\"cardano\",\"crypto\",\"crypto market\"],\"dateCreated\":\"2025-08-06T08:00:43Z\",\"datePublished\":\"2025-08-06T08:00:43Z\",\"dateModified\":\"2025-08-06T08:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2025-08-05-17.45.56-A-digital-illustration-showing-Cardanos-rise-in-on-chain-activity-despite-a-market-downturn.-The-image-features-the-Cardano-symbol-prominently-displa.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/633276"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=633276"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/633276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/633280"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=633276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=633276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=633276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}