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Cardano

ADA

Live since 29 September 2017, about 8 years. Code changed: 1 day ago. Machine-drafted, not yet checked by a person.

Hot: upgrade or launch liveFull record

Cardano is a shared public ledger run by many independent computers, where the right to add new records goes to participants in proportion to the coins they hold, and it is the ledger on which the ada coin exists. Of the 4 things it promised, it delivered 0, 4 are still open (4 with no date); nothing dated is coming up. It trades at $0.2042, #19 of all coins by size, 93% below its highest ever price.

This week in the news: upgrade or launch live.

A real job, real backing. Delivered 0 of 4, none late. Nothing dated ahead. #10 of 102 smart contract platforms. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
1named backersGMCI 30 Index
8 yearson the marketsince 29 September 2017
964.18Kpeople watch iton CoinGecko lists
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3 of 4

  • A real-world jobReal-world purpose: a platform other apps build on
  • Real backingBacking: in the GMCI 30 Index; trades on Coinbase, Crypto.com, Kraken; worth $7.66B
  • Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • Room to growRoom: worth $7.66B, 39 times smaller than Ethereum, the biggest coin within reach doing the same thing (Smart Contract Platform)

In the GMCI 30 Index

  • Origin29 September 2017about about 8 yearsTagged Made in USA on CoinGeckocardano.org, GitHub, Whitepaper, Wikipedia
  • DevelopersCharles HoskinsonFounders per WikidataDeveloper: Input Output GlobalCode last changed 1 day ago
  • BackingIn the GMCI 30 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
  • Standing on the record0 of 40 confirmed by outside news107 headlines last month, 6 about government964,178 people keep it on a CoinGecko watchlistNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in Smart Contract Platform ($292.12M). To match the leader, Ethereum ($301.61B), its price would need to rise 3839%, to about $8.04.

Still to check

  • 4 dated promises, none delivered yet
  • No named investor among its tags

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

0 of 4promises deliveredby the project's own pages
0confirmed outsideby a news report or a tagged release
0past their date
4still open
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

0%delivered

0 of 4

promises delivered, by the project's own pages

0 of those confirmed by an outside news report

Promises by the year they were due

undated4

delivered open past due

The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:

Still open, undated (4)

  • The project says it is building Cardano into a platform…
  • The project says the features grouped under each of its…
  • The project says its five development eras, Byron,…
  • The project says that once no single group controls the…
Promises, one by one
  • Openno dateThe project says it is building Cardano into a platform where people can run applications, record more than one kind of asset on the ledger, and run programs whose behaviour can be checked.
    Details
    “Cardano is a groundbreaking proof-of-stake blockchain network, being developed into a decentralized application (DApp) development platform with a multi-asset ledger and verifiable smart contracts.”

    source · snapshot · captured 2026-09-10

  • Openno dateThe project says the features grouped under each of its five named development eras will be delivered through a series of software releases.
    Details
    “Each era is centered around a set of functionalities that will be delivered across multiple code releases.”

    source · snapshot · captured 2026-09-10

  • Openno dateThe project says its five development eras, Byron, Shelley, Goguen, Basho and Voltaire, will be delivered one after another in that order.
    Details
    “While the eras of Cardano will be delivered sequentially, the work for each era happens in parallel, with research, prototyping, and development often in progress all at once across the different development streams.”

    source · snapshot · captured 2026-09-10

  • Openno dateThe project says that once no single group controls the network, the people who use it will own it and will decide its future through built-in voting tools.
    Details
    “When the network is fully decentralized it will belong to the community, and it will be the community who decide its future through advanced governance features.”

    source · snapshot · captured 2026-09-10

What is next, and when?

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How big is it next to its rivals?

#10of 102 smart contract platformsthe typical one is worth $292.12M
$7.66Bworth todayprice × coins out
$292.12Mthe typical rival is worthSmart Contract Platform
$301.61Bthe leader is worthEthereum
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A platform other apps build on

35 coins we checked say they are for a platform other apps build on, worth $393.62B together. #3 of 35 by worth.

Smart Contract Platform: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Cardano$7.66Bthis coin−3.1%83% out0 of 4 delivered
  • Ethereum$301.61B39.4× bigger, +$293.95B−2.1%, gap +1.1no max15 of 20 delivered
  • BNB$95.27B12.4× bigger, +$87.61B−1.2%, gap +1.967% outno record
  • XRP$87.28B11.4× bigger, +$79.62B+0.0%, gap +3.163% out2 of 3 delivered
  • Solana$58.89B7.7× bigger, +$51.23B−1.3%, gap +1.8no maxnone dated
  • TRON$32.06B4.2× bigger, +$24.41B−0.5%, gap +2.6no maxno record
  • Zcash$19.3B2.5× bigger, +$11.64B−0.1%, gap +3.081% outnone dated
  • Hyperliquid$17.5B2.3× bigger, +$9.84B−1.5%, gap +1.622% outnone dated
Same job, different how

Smart Contract Platform: this coin next to Ethereum, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Cardano says
Cardano is a shared public ledger run by many independent computers, where the right to add new records goes to participants in proportion to the coins they hold, and it is the ledger on which the ada coin exists.
Ethereum says
Ethereum is a shared computer network that lets people hold and use their own money, records and online identity without a company in the middle.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Cardano is a shared public ledger run by many independent computers, where the right to add new records goes to participants in proportion to the coins they hold, and it is the ledger on which the ada coin exists.

Its listing puts it this way: Cardano is a blockchain platform built on academic research that enables smart contracts and decentralized applications while using significantly less energy than traditional cryptocurrencies like Bitcoin.

Problem it says it solves: a platform other apps build on. 52 coins we have checked say the same; together they are worth $408,727,547,844.

Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Smart Contract Platform: this coin next to the group's largest, Ethereum.

CardanoEthereum
Years trading9 years11 years
Major exchanges99
Named backers03
Headlines, last month107545
Promises delivered0 of 415 of 20

What it says is different: Cardano is a blockchain platform built on academic research that enables smart contracts and decentralized applications while using significantly less energy than traditional cryptocurrencies like Bitcoin.

It is 2.5% the size of Ethereum. On the facts above it is behind on years trading, named backers, headlines, last month, promises delivered. For that gap to close, the record would need deliveries showing up in its record. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.2042price of one−3.1% today
93%below its highest ever$3 on 1 September 2021
83%of the supply is out37.52B coins
$42.39Kpaid in fees, 30 dayswhat people paid to use it
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The last 7 days

7 days ago: $0.2169now: $0.2042 (−6.0%)

Where today sits against its highest ever price

$0.2042

Highest ever: $3.09 on 1 September 2021. Today is 7% of that.

83%

of all ADA that will ever exist is already out in public hands: 37.52B coins.

17% (7.48B coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Pays for every use of its network

Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.

  • Every transaction on its network pays a fee in it
  • Can be staked to earn a share of network rewards
$0.2042price of one
×
37.52Bcoins out
=
$7.66Bworth today, #19 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 83%of the maximum supply is in circulation: 37.52B of 45B.
  • 7.48Bcoins still to be released, 17% of the maximum. Releases can add selling pressure.
  • 1.2×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 7%of its all-time high of $3.09 on 1 September 2021. That is −93.4% from the top.
  • #19by market cap, $7,656,452,189.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $55.52M is locked in apps built on it right now
  • Users paid $42.39K in fees to use it in the last 30 days, $8.48K of that kept by the network

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

107headlines, last monththat name this coin
6about governmentregulation, courts, central banks
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Headlines per day, last 30 days

107 headlines named this coin in the last month.

What they were about

  • Price27
  • Partnership13
  • Upgrade12
  • Banks7
  • Treasury6
  • Regulation4
  • Tokenization4
  • Hack3
In the news
What people are talking about, last month:

107 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Promises4from its own pages
Page copies303 pages watched
Confirmed0by outside news
Checkedmachinedraft until checked
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy

What it says it is

Cardano is a shared public ledger run by many independent computers, where the right to add new records goes to participants in proportion to the coins they hold, and it is the ledger on which the ada coin exists.

“Cardano is a decentralized, third-generation, proof-of-stake blockchain, native home to the ada cryptocurrency.”
source · snapshot · captured 2026-09-10
Stage and age

Live since 29 September 2017, about 8 years.

Promises

0 of 4 promises delivered. 4 open.

Others in smart-contract platforms: Internet Computer 20 of 23, Ethereum 15 of 20, Ozone Chain 13 of 30, Starknet 10 of 24, and 28 more.
Last activity

Last code change on the main repository (IntersectMBO/cardano-node): 1 day ago, on 14 September 2026.
None of the project's captured pages has changed since capture began on 10 September 2026.

Open flags

Nothing further to flag from the record as it stands.

Checked?

This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.