Coinbase has significantly increased its Cardano (ADA) holdings by 462% over the past four months, now possessing over 9.5 million ADA. This surge is largely due to the adoption of Wrapped Cardano (cbADA), which facilitates ADA's use on Ethereum-based DeFi platforms such as Aave and Uniswap.
In other developments, Solana has integrated a $5.5 billion Counter-Strike 2 (CS2) skin market onto its blockchain, enhancing transaction speed and cost efficiency. Additionally, Avalanche has announced a $675 million SPAC deal with MLAC, with plans to establish a $10 billion AVAX treasury by 2026. These moves underscore the increasing institutional interest and cross-industry integration within the cryptocurrency sector.
Coinbase Expands ADA Holdings by 462% Amid DeFi Integration
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