CME launched 24/7 Cardano futures on May 29, and Cardano joined the new Nasdaq crypto index days later. But ADA is now trading at a five-year low.
Cardano has fallen 37% the past month, sitting around $0.17, its lowest level since 2021. In the same stretch, CME added ADA to its round-the-clock derivatives lineup alongside Bitcoin, Ethereum, and Solana. Also, Nasdaq included the token in a new crypto index alongside the market’s biggest names.
What Institutions Are Buying Into
CME Group switched its crypto futures to 24/7 trading on May 29, adding ADA to a regulated derivatives lineup that now runs without weekend gaps. On June 8, Cardano joined the Nasdaq CME Crypto Index, a market-cap-weighted basket that includes Bitcoin, Ethereum, XRP, and Solana. ADA holds a small slice of the index weighting, with Bitcoin accounting for roughly four-fifths.
ADA active addresses jumped 14% in the days after the CME launch, and the 10M-100M ADA whale cohort added supply through late May. CME crypto futures recorded $3 trillion in total volume in 2025, with 2026 daily volume up 46 per cent year-over-year.
Why the Cardano Price Keeps Falling
However, the ecosystem problems are concrete. TapTools, an analytics platform that served over one million users, shut down after losing its CTO and COO earlier this year.
Cardano cancelled its 2026 Singapore Summit after a governance vote fell fractionally short. The funding proposal got 65.21% support, below the required two-thirds supermajority of 66.67%.
Founder Charles Hoskinson has warned that more DeFi projects will fail in the second half of 2026 as funding dries up and user numbers stay at lows. Total value locked in Cardano’s DeFi ecosystem has fallen from roughly $905 million in late 2024 to under $140 million today, an 85% collapse.
One Date Worth Watching
Cardano’s Ouroboros Leios testnet launches June 23. The upgrade targets speed and throughput, giving developers their first chance to stress-test the improvements before a mainnet rollout targeting late 2026.