In October 2024, the volume of ethereum locked into liquid staking platforms surpassed the 14 million ether threshold. However, as of 2025, the total ETH held in these protocols has fallen below the levels recorded at the end of November. As of Sunday, Jan. 5, 2025, approximately 13.78 million ether remains tied up in liquid
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AI predicts Cardano (ADA) price for 2025
Cardano ( ADA ) has positioned itself as the top performer in the broader crypto market recovery, far outpacing major players like Bitcoin ( BTC ) and Ethereum ( ETH ). While BTC and ETH have posted modest gains of 6% and 7%, respectively, since the start of the year, ADA has soared by an impressive 32%, breaking past the $1 threshold and reigniting investor interest. ADA seven-day price chart. Source: Finbold At press time, Cardano is trading at $1.13, reflecting a 5% increase over the past 24 hours and an impressive 32% surge over the week. This remarkable rally has drawn attention to ADA’s potential to maintain its momentum, with investors speculating on whether the cryptocurrency can break through critical resistance levels in the weeks ahead. ChatGPT projection on Cardano (ADA) price To gauge Cardano’s potential trajectory, Finbold turned to market data and sought insights from OpenAI’s advanced AI model, ChatGPT-4o. According to the AI model, ADA is poised for continued growth in 2025, driven by a combination of technical upgrades and strong fundamentals. In the near term, ChatGPT-4o projects that Cardano could test the $1.50 resistance level, provided its current momentum remains intact. Looking further ahead, the AI estimates a steady upward trend, suggesting that ADA could climb between $2.50 to $3 by the end of the year. Key drivers behind ADA’s price surge One notable driver, as highlighted by the AI, is the introduction of CIP-113 , a proposal that has significantly boosted investor confidence. The proposal aims to integrate programmable assets, enhanced security features, and smart accounts into the Cardano ecosystem. This could potentially enable Cardano to support stablecoins , enhanced security features, and real-world asset tokenization , making a major step forward for the network. ChatGPT outlook on Cardano. Source: ChatGPT/Finbold DeFi activity strengthens the outlook Cardano’s total value locked (TVL) has risen sharply, climbing 33% since the start of the year to $569.4 million, according to data from DeFiLlama. This increase in DeFi activity, as highlighted by the AI model, suggests that the rally is being driven by organic demand within the Cardano ecosystem rather than speculative trading, further strengthening the bullish outlook for the token. Derivatives data reinforces Cardano’s bullish sentiment Derivative data adds another layer of positive sentiment. Long/short ratios on major platforms like Binance and OKX show a strong bias toward long positions , indicating that market participants are confident in ADA’s continued price growth. ADA Derivatives data. Source: CoinGlass Notably, short liquidations have outpaced long liquidations in recent sessions, creating a short squeeze that often drives prices higher. The AI model sees this as a sign of growing trader confidence and a shift toward bullish momentum for Cardano. Surge in wallet activity Recent transaction trends indicate a significant rise in wallet activity on the Cardano network, driven by a surge in new investors since December. Data from the IntoTheBlock reveals steady growth in the total number of funded wallets showcasing a consistent influx of new participants. This increase in activity appears to align with the countdown to Trump’s inauguration , reflecting renewed market engagement and heightened investor interest. ChatGPT notes that this rise in transaction activity and wallet creation reflects increasing network adoption and deeper investor engagement, further bolstering confidence in Cardano’s long-term potential. ADA technical indicators and market projections Technical indicators add weight to the bullish outlook for Cardano, with projections pointing toward a potential breakout. Analyst Ali Martinez has highlighted the formation of a bull pennant pattern, which could propel ADA to a target price of $3. Additionally, projections suggest that Cardano could achieve a $100 billion market cap in 2025 , potentially translating to a price range of around $2.85. This aligns with forecasts highlighted by AI, further strengthening the bullish outlook for the cryptocurrency. This convergence of technical patterns , on-chain activity, and growing market sentiment paints a compelling picture of Cardano’s growth potential, positioning it as one of the most promising cryptocurrencies of 2025. Featured image via Shutterstock The post AI predicts Cardano (ADA) price for 2025 appeared first on Finbold . Bitcoin.com
Arcana Network Launches Chain Abstraction SDK to Unify Multi-Chain Experience
Dubai, United Arab Emirates, January 7th, 2025, Chainwire Arcana Network has introduced its Chain Abstraction SDK , designed to streamline the multi-chain experience for developers and users alike. This innovative solution allows developers to integrate Chain Abstraction into their applications, enabling users to spend a unified balance across chains without the need for swapping, bridging, or managing gas. Simplifying Blockchain Complexity for Developers and Users As Web3 expands across Layer 1s, Layer 2s, Appchains, and Rollups, fragmented ecosystems have created significant barriers for developers and users alike. Arcana’s Chain Abstraction SDK abstracts these complexities with just a single integration, enabling seamless spending of assets across chains. Key Benefits of Arcana’s Chain Abstraction SDK Unified Balances : Users enjoy aggregated balances across chains, enabling instant transactions without bridging or swapping assets. Wallet Flexibility: Supports existing EOA wallets, including MetaMask, Coinbase Wallet, Rabby, and others. Frictionless User Experience : Gas payments in stablecoins like USDC or USDT, near-instant cross-chain transactions in under 20 seconds, and full custody of user assets. Developer-Friendly Integration : Plug-and-play SDK with minimal front-end changes and no need for smart contract upgrades or migrations. The SDK currently supports ETH, USDT, and USDC across Ethereum, Polygon, Arbitrum, Base, and Optimism, with more chains and assets coming soon. A Milestone Achieved Earlier this year, Arcana’s Chain Abstraction protocol launched the Arcana Wallet , a Chrome extension that showcased a unified, chain-abstracted experience on popular decentralized apps such as Aave, Uniswap, CowSwap, Jumper, and Hyperliquid. With the launch of the Chain Abstraction SDK, Arcana is now enabling developers to integrate this seamless functionality directly into their applications. Getting Started with Arcana’s Chain Abstraction SDK A demo application showcasing the SDK in action. Comprehensive documentation Instructions for How Arcana’s Chain Abstraction SDK works “As the Web3 ecosystem grows, chain abstraction is no longer optional—it’s essential for the next generation of applications,” says Mayur Relekar, CEO of Arcana Network. “With the launch of our SDK, we enable new possibilities for developers and users across ecosystems while moving toward Arcana Network’s Mainnet launch in Q1 2025. ” About Arcana Network Arcana Network is a leading Chain Abstraction Protocol, powered by an Appchain, with the mission to transform the Web3 UX. Since its inception in 2021, Arcana Network has introduced products that make web3 effortless. The upcoming Chain Abstraction Protocol built on a Modular Appchain and powered by $XAR, is the next evolution in simplifying Web3. $XAR is the utility token that captures protocol fees, secures the network, incentivizes early adopters, and rewards resource providers. Arcana Network’s innovative technology is backed by prominent investors, including Balaji S., Polygon founders, John Lilic, and Santiago Roel, and investment funds such as Fenbushi, Republic, Woodstock, Polygon Ventures, DCG, LD Capital, and others. Website | Twitter | Telegram | YouTube Contact Marketing Manager Andria Efstathiou Arcana Network andria@arcana.network Bitcoin.com