Cardano’s .ada Application Advances as Large ADA Transactions Hit Four-Month High

In one day, Cardano logged 413 transfers exceeding $100,000 each, the highest count since June 4.

The Cardano Foundation’s application for the .ada generic top-level domain has entered the next phase of the Internet Corporation for Assigned Names and Numbers (ICANN) 2026 program. The application has not received final approval or delegation.

The proposal received about 75% support in a Cardano community governance vote. If approved, .ada would become an internet address ending similar to .com or .org, with proposed uses including shorter wallet addresses, decentralized-identity connections and domain tokenization.

Cardano recorded 413 transactions worth more than $100,000 in a single day, the network’s highest level since June 4. ADA’s social dominance reached 1.16%, its highest reading of 2026.

In the latest available figures, Cardano’s market capitalization was about 42% higher than on Sept. 16. ADA rose from about $0.19 to $0.27 over that period and was trading at $0.24 in the latest figures.

The application’s progress follows earlier coverage of Cardano’s .ada application advancing through ICANN review. The network also saw heightened activity around the launch of its CIP-0113 token standard, while daily active addresses reached about 27,500 on Oct. 7 and nearly the same level on Oct. 8.

RealFi, a Cardano-based platform focused on stablecoins and real-world assets, launched on the network’s mainnet earlier this month. Discussion has also focused on Leios, Fireblocks support and possible institutional integrations.

ICANN’s next scheduled program milestone is String Confirmation Day on Nov. 17, 2026.