Decentralized finance (DeFi) asset Cardano (ADA) continues to record increased buying pressure while appearing to decouple from the general crypto market with a price explosion.

Indeed, by press time, Cardano had a market cap of $11.31 billion, representing an inflow of about $1.56 billion within 24 hours. On the daily chart, ADA’s market cap peaked at $11.74 billion.

(By Paul L.)