Cardano Price (ADA)Use the Cardano price calculator to convert prices for ADA trading pairs and for all markets on the BTC Markets exchange.
ADA Cardano is used to pay transaction fees, secure the network through staking and participate in governance decisions. You can also transfer ADA globally as a digital currency, interact with decentralised applications that run on Cardano and use it as collateral or liquidity in various services. These roles give ADA practical utility beyond simple speculation.
The price of Cardano is determined by the equilibrium between supply and demand on exchanges.
If there is a higher demand for ADA with more buyers than sellers, the price tends to rise. Conversely, if there are more sellers than buyers, the price tends to decline.
Cardano differs from traditional cryptocurrencies as it cannot be mined through Proof-of-Work (PoW) consensus.
Cardano allows users to stake their ADA coins by keeping their Cardano wallet, such as Daedlus, online.
By doing so, users are eligible to receive a certain percentage of the ADA coins they already own.
BTC Markets, Australia's trusted cryptocurrency exchange, provides a seamless platform for purchasing Cardano.
With a focus on robust security measures, local customer support, and availability in 22 markets, we ensure a reliable and liquid trading experience for our users.
Cardano is priced at A$0.58 per ADA, with a circulating supply of 35,298,770,481.07 ADA. This translates to a total market capitalisation of A$20,416,288,967.14.
Cardano is valuable because:
Cardano was founded by Charles Hoskinson, a mathematician and one of the original co-founders of Ethereum, together with development company Input Output Global (previously IOHK), the Cardano Foundation and EMURGO. These organisations worked together to launch ADA and continue to support research, development and adoption of the Cardano blockchain.
Cardano stands out for its research driven development, two layer architecture and formally verified protocols. The separation of settlement and computation layers, combined with the Ouroboros proof of stake system, aims to balance security, scalability and decentralisation. This combination, along with on chain governance and multi asset support, gives Cardano a distinct position among Layer 1 networks.
Cardano’s network security is built on the Ouroboros proof of stake protocol, which has been designed and reviewed using formal academic methods. Thousands of distributed stake pools participate in block production, reducing reliance on any single operator. As long as a majority of validators behaves honestly, the network remains resistant to attacks and continues processing transactions reliably.
