Cardano (ADA) experienced a significant 63% increase in trading volume over the past 24 hours, reaching $1.59 billion. This surge comes amid the announcement of a major security upgrade, 'Ouroboros Phalanx,' and the launch of NIGHT token mining by the Midnight Foundation. Despite the heightened trading activity, ADA's price remains at $0.5390, marking a 6.5% decline from the previous day. The recent developments are expected to enhance the Cardano ecosystem and potentially draw more users.