After Coinbase announced that the staking product added support for Cardano, the number of Cardano token ADA pledges has soared by 72.15% within 24 hours.
According to CoinMarketCap data, the market value of Cardano token ADA has reached $511, surpassing Solana (SOL) and Terra (LUNA) to become the seventh largest cryptocurrency.
Currently, the ADA token is trading at $1.14, up nearly 17% in the past 24 hours.