Cardano Price Surges 3.1% as Ecosystem Expands with 2,004 dApps

Cardano's price has surged by 3.1% in the past 24 hours, reaching 0.6440, following the release of an ecosystem update report. The Cardano Foundation reported that 2,004 decentralized applications (dApps) are currently developing and expanding their projects within the Cardano blockchain as of June 13, 2025. This significant increase in dApps indicates a robust and continually-expanding ecosystem for Cardano.

The number of native assets minted on the Cardano blockchain currently stands at 10.83 million, while transaction volumes have risen by 0.2% compared to the previous week, reaching 110.40 million. Additionally, the number of smart contracts, known as Plutus and Aiken scripts, is approaching the 140,000 mark. These figures highlight the growing activity and development within the Cardano network, despite past criticisms for missing out on trends like DeFi and meme coins.

Minswap is currently the largest decentralized exchange (DEX) in the Cardano network, with 30-day trading volumes of $79 million. Liqwid, specializing in lending, is the largest decentralized application with a total value locked (TVL) of $80.9 million. The combined TVL of Cardano dApps currently sits at $285 million, a small fraction compared to Solana’s $8.8 billion TVL and Ethereum’s $62.9 billion ecosystem. However, Cardano's founder, Charles Hoskinson, has emphasized that the network's ambitions are centered on powering real-world applications rather than just DeFi apps.

Ecosystem growth is robust according to these latest figures, favoring a bullish Cardano price prediction. The price of Cardano (ADA) recovered during the week after a 4-day losing streak, with the $0.600 level acting as strong support. This could trigger a move toward the $0.7500 resistance in the near term. The price is currently sitting below its short-term and long-term moving averages, which are key resistances to watch for ADA. A breakout above these markers would favor a bullish Cardano price prediction.

The Relative Strength Index (RSI) is poised to send a buy signal if it rises above the 14-day moving average. If the price rises above $0.730 and retests that level from above, this would confirm a bullish outlook that could push ADA to $1, indicating an upside potential of 37% for the token. This bullish outlook is supported by the growing ecosystem and the increasing number of dApps and smart contracts on the Cardano blockchain.