Cardano

Cardano ADA

Status: ListedInfrastructure
Token GradeAA
Overall Score: 53.1 /100Rank: 9 of 172
Disclosures AA6.79 /10
Performance AA7.82 /10

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Disclosures Overview

Core Contributors

Legal & Financial

Tokenomics

Service Providers

Performance Overview: Market Quality

Total Volume (as % of Market Cap)

Market Cap (USD)

Trade Volume (USD)

Trade Volume (prev. 30D avg.)$1,190,824,779
Market Capitalization (prev. 30D avg.)$8,797,762,633
Trade Volume / Market Capitalization16.32%
GradeAAAScore10.00Percentile100.00%

Depth +/- 2% (as a % of Market Capitalization)

Depth +/- 2% (USD) | Market Cap (USD)

Depth (+/- 2%)Market Cap
Depth +/- 2% (prev. 30D avg.)$470,407,173
Market Capitalization (prev. 30D avg.)$8,797,762,633
Depth / Market Capitalization5.76%
GradeAAAScore10.00Percentile100.00%

Bid / Ask Spread (Volume weighted spreads)

Bid / Ask Spread (%)

BinanceBiconomyCoinbase
Exchange with Tightest SpreadsCoinbase
Volume Weighted Bid / Ask Spread (prev. 30 days)0.0984%
GradeAAAScore8.00Percentile91.81%

Price Performance

30D Change: 5.82%

Price (USD)

Count Green Candles17
Count Red Candles13
Candle "Win Rate"56.67%
GradeAAScore7.00Percentile81.66%

Open Interest (as a % of Market Capitalization)

Top Venues by OI (prev. 30D avg.)

Binance$104,953,635
Gate$88,252,740
Bybit (Futures)$69,259,580
Total (All Exchanges)$677,542,783
Open Interest / Market Capitalization5.84%
GradeAAScore6.00Percentile24.20%

Funding Rate

Funding Rate (%)

BinanceGateBybit (Futures)
Open Interest-Weighted Funding Rate-0.0007%
GradeAAScore6.00Percentile18.47%

Performance Overview: Liquidity Providers

Data not disclosed

Market Maker Volume (as a % of total volume)

N/A
GradeAAA
Score10.00
Percentile100.00%

Market Maker Depth (as a % of total depth)

N/A
GradeAAA
Score10.00
Percentile100.00%

Market Maker Uptime / KPI Adherence

N/A
GradeAAA
Score10.00
Percentile100.00%

Performance Overview: Liquidity Footprint

Top-Tier Exchange Coverage

4 out of 4 (100%)BinanceOKXCoinbaseUpbit
GradeAAAScore10.00Percentile100.00%

Total Volume (CEX vs DEX)

Volume (USD)

CEX Volume (avg)$576,898,555
DEX Volume (avg)$4,750,707
CEX Volume share99.88%
GradeAScore5.00Percentile69.01%

Total +/- 2% Depth (CEX vs DEX)

+/- 2% Depth (USD)

CEX Depth (avg)$327,011,371
DEX Depth (avg)$1,135,207
CEX Depth share99.71%
GradeAScore5.00Percentile58.48%

Total Volume (Spot vs Perps)

Volume (USD)

Spot Volume (avg)$581,649,262
Perps Volume (avg)$826,241,647
Spot Volume share34.87%
GradeAAAScore9.00Percentile76.02%

Total +/- 2% Depth (Spot vs Perps)

+/- 2% Depth (USD)

Spot Depth (avg)$328,146,578
Perps Depth (avg)$52,291,007
Spot Depth share88.27%
GradeAAAScore10.00Percentile100.00%

Performance Overview: Tokenomics

Disclosed Token Vesting vs Actual Vesting

Disclosed TGE DateN/A
Disclosed Duration52 months
Disclosed Total Groups5
Disclosed Max. SupplyN/A

Disclosed Maximum Token Supply (%) | Months Since TGE

Public saleStaking and Treasury Funding ReserveIOHK / Input Output GlobalEMURGOCardano Foundation

Commentary versus actual token vesting

Three of the five groups have complete, verifiable schedules — the public sale unlocked at redemption, IOHK published a three-tranche release it adopted voluntarily and honoured to the day, and the reserve releases at a fixed 0.3% of remaining balance per epoch under consensus code that nobody can override. What is thin is EMURGO and the Foundation: their terms appear only as a reported 12 to 18 month lock followed by multi-year release, with no per-entity cliff length or cadence published anywhere. Publishing those two schedules retrospectively, alongside a first-party page showing issuance to date against the reserve curve, would take this to the top of the range.

GradeCCCScore0.00Percentile0.00%

Market Cap vs. FDV (Ratio)

0.83:1
GradeAAA
Score10.00
Percentile100.00%

Fully Diluted Valuation (FDV) (USD)

$10,767,762,609
GradeAAA
Score10.00
Percentile100.00%

Data as of 2026-10-09 · Scoring config v4 · Rated 172 of 173 projects

UTR scores evaluate disclosure quality and token market structure. The score is informational and should not be interpreted as an assessment of expected returns or as an investment recommendation.