What is Cardano?
ADACardano is a proof-of-stake smart-contract blockchain developed with a research-led approach.
The tokenADA pays transaction fees, is delegated to stake pools to secure the network and earns staking rewards; holders also vote in Cardano's on-chain governance.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 36.83 billion ADA
- Total supply
- 38.98 billion ADAin existence, locked or not
- Maximum supply
- 45.00 billion ADACardano's protocol fixes 45 billion ADA; the rest of it sits in the reserves and is paid out as rewards
- Issued or unlocked
- 81.8%circulating, of the maximum supply
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −69.2%daily closes
- Volatility, past year
- 74%annualised, daily log returns
- Deepest fall from a peak, past year
- −75.7%daily closes
- Below its all-time high
- −94.0%high of $2.97 on 3 Sep 2021
- Correlation with bitcoin
- 0.80daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.35its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Supply still to come
22% more than today's circulating supply can still enter circulation (8.172 billion ADA), so the fully diluted value is 1.22x the market cap.
- Supply we cannot count
We do not run a Cardano node: the supply is the project's or network's published figure, read every hour and labelled as such.
- Price swings
Its daily moves were 1.7x as large as bitcoin's over the past year (volatility 74% against 44%).
- Distance from the high
It trades 94% below its all-time high daily close of $2.97 (3 Sep 2021).
- Moves with bitcoin
Its daily returns had a correlation of 0.80 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is Cardano?
Cardano is a proof-of-stake smart-contract blockchain developed with a research-led approach.
What is ADA used for?
ADA pays transaction fees, is delegated to stake pools to secure the network and earns staking rewards; holders also vote in Cardano's on-chain governance.
Is Cardano's supply capped?
Yes: at most 45.00 billion ADA. 81.8% are issued or unlocked so far.
Where is Cardano traded?
On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update