The trading volume of derivatives on Cardano (ADA) has skyrocketed recently, recording a staggering 31% increase in the last 24 hours. The data reveals a turnover of $457.71 million in Cardano perpetual futures during the period under review. The trading volume on the spot markets for Cardano has also soared – 20% in 24 hours, with a final figure of $358 million. This brings the total trading volume across all markets for ADA to over $800 million. The increased activity on Cardano is because the price of ADA has reached a major support level at $0.38.

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