# Cardano’s ADA Falls 14% as Funding Rate Hits Lowest Level Since Late June

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28966
Published: 2026-10-09T13:01:14.000Z
Updated: 2026-10-09T13:01:14.000Z
Section: Investing

> ADA’s funding rate fell to -0.0183% while open interest dropped 10% to $526 million during the period surrounding CIP-0113’s mainnet launch.

Cardano (ADA) fell 14% from Oct. 6 while futures positioning became more bearish during the period surrounding the CIP-0113 programmable-token launch on the network’s mainnet.

The funding rate fell to -0.0183%, its lowest level since late June. A negative funding rate means short-position holders pay long-position holders, suggesting that short positioning outweighed long positioning.

The long/short ratio stood at 0.89, while open interest declined 10% to $526 million, its lowest level since late September. Together, the figures pointed to weaker participation in ADA perpetual futures and a greater balance of short positioning.

CIP-0113 went live on the Cardano mainnet Oct. 7. The standard allows issuers to define rules for transferring, issuing and burning native tokens. It also supports optional global states and third-party actions such as freezing, seizing or forcibly transferring tokens, depending on how each asset is deployed.

CIP-0113 keeps the tokens native to Cardano and compatible with its extended unspent transaction output (EUTXO) model. The standard launched with support from Eternl, GeroWallet, CardanoScan and BloxBean. CMTA recognizes CIP-0113 as a smart-contract equivalent to CMTAT for its certification scheme.

Cardano’s daily active addresses reached 27,500 on Oct. 7 and 27,200 on Oct. 8, about 1.7 times September’s average. The increase in network participation occurred during the same period as the token’s decline, but the two measures describe different parts of the market.

Funding rates and open interest track positioning in perpetual futures, while active addresses measure on-chain participation. Higher address activity therefore does not establish that ADA’s price will recover.