Cardano （ADA） has reached an all-time high in the percentage of its supply held by long-term holders, reflecting growing investor confidence in the project. This milestone is a positive indicator for ADA’s future, suggesting that its community is deeply committed to the project’s long-term success.
Points
- Nearly 40% of ADA’s total supply is now held by long-term holders.
- The percentage of long-term ADA holders is at its highest point, indicating strong community faith in Cardano’s future.
- Cardano’s daily on-chain volume exceeds $7.2 billion, showcasing its active usage.
- The high percentage of long-term holders could signal that ADA is undervalued.
- The upcoming Chang #1 hard fork, introducing governance to Cardano, is a critical development for the network.
Cardano （ADA） has achieved a significant milestone, with the percentage of its total supply held by long-term holders reaching an all-time high. According to data from IntoTheBlock, nearly 40% of ADA is now held by addresses classified as “hodlers,” meaning they have held their ADA for over a year. This marks a new peak in long-term holder engagement, highlighting the strong confidence within the Cardano community.
The rise in long-term holdings is a positive sign for Cardano’s future. Long-term holders, often referred to as “diamond hands” in the crypto community, are typically less likely to sell during market volatility, indicating a deep commitment to the project. This behavior can help stabilize the price of ADA and suggests that many investors believe in the long-term potential of the Cardano network.
In addition to this milestone, Cardano’s on-chain activity remains robust, with the network settling over $7.2 billion in daily on-chain volume. This significant usage level underscores the active participation of the Cardano community and the growing adoption of its blockchain for various applications.
One of the key factors contributing to the increased confidence in Cardano is the upcoming Chang #1 hard fork, which is set to introduce governance features to the network. Governance refers to the mechanisms by which decisions about the blockchain’s future are made, typically involving voting by token holders. The successful implementation of governance could further enhance Cardano’s appeal as a decentralized platform, providing stakeholders with more control over the network’s evolution.
Moreover, the high percentage of long-term holders suggests that ADA may be undervalued at its current price. With a low Network Value to Transactions （NVT） ratio of just 2.62, Cardano appears to be efficiently utilized, which often correlates with undervaluation in traditional financial metrics. If this is the case, ADA holders might be positioned to benefit from future price appreciation as the network continues to grow and evolve.
As the Chang #1 hard fork approaches, many stakeholders in the Cardano ecosystem are optimistic about the potential benefits it could bring, including enhanced decentralization and a stronger governance framework. For investors, the combination of strong on-chain activity, a committed community of long-term holders, and upcoming network upgrades positions Cardano as a blockchain with significant long-term potential.
解説
- Long-Term Holders （Hodlers）: Refers to cryptocurrency investors who hold onto their assets for an extended period, typically over a year. Their behavior often reflects strong confidence in the asset’s future.
- Network Value to Transactions （NVT） Ratio: A financial metric used to assess the value of a cryptocurrency by comparing its market capitalization to the volume of transactions on its network. A low NVT ratio may indicate that a cryptocurrency is undervalued relative to its transaction volume.
- Hard Fork: A significant update to a blockchain that is not backward-compatible with previous versions. It often introduces new features or changes to the protocol. The upcoming Chang #1 hard fork for Cardano is expected to introduce governance capabilities.