tl;dr
Cardano (ADA) has integrated with Blockchain.com's DeFi Wallet, allowing its 37 million users to easily store, send, receive, and interact with Cardano-based DeFi apps. Founder Charles Hoskinson praised the partnership for eliminating the need for separate wallets, expanding Cardano's reach in the D...
Cardano (ADA) has achieved a major breakthrough with its integration into Blockchain.com's DeFi Wallet, enhancing its adoption and utility. This move enables Blockchain.com's 37 million users to store, send, receive, and interact with Cardano-based DeFi applications more seamlessly, marking a significant convenience boost for ADA holders.
Charles Hoskinson, the founder of Cardano, expressed enthusiasm on social media, praising the Midnight Foundation for their crucial role in negotiating this partnership. He highlighted that this integration removes barriers for users who no longer need separate wallets to engage with ADA, expanding Cardano's reach and influence within the global DeFi ecosystem.
This integration not only broadens Cardano's user base but also elevates its position in the decentralized finance sector—a space it has been steadily developing. The increased access and exposure have the potential to reshape Cardano’s trajectory in the wider cryptocurrency market, bringing in fresh investors and fostering greater user engagement.
Reflecting this momentum, ADA’s price surged over 15% within 24 hours, climbing from $0.7699 to an intraday high of $0.8922, and was last trading near $0.8590. Trading volumes nearly doubled, reaching $3.5 billion, signaling robust market activity and investor interest. With these dynamics in play, ADA appears poised to challenge the psychologically significant $1 milestone in the near term.