ADA Falls 4% on Heavy Volume, but Cardano’s Upcoming Leios Upgrade Keeps Hopes Alive

Cardano’s ADA

token came under pressure Saturday, falling to $0.5818 and extending its weekly losses despite renewed focus on the network’s Leios upgrade. ADA declined 3.77% over the past 24 hours, with volume spiking 38.39% above the 7-day average, according to CoinDesk Research’s technical analysis model.

On Thirsday, Input Output Global (IOG), the research arm behind Cardano, reiterated its vision for the upcoming Leios upgrade via a thread on X. The team explained that Leios is designed to optimize transaction processing and resource utilization, especially during peak block activity. The design introduces new mechanisms like endorsements to maintain security and data availability while boosting overall throughput.

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