Cardano Active Addresses Rise as ADA Slides After CIP-0113 Launch

Cardano’s daily active addresses rose to about 27,500 as Cardano’s ADA fell roughly 13% from the Oct. 6 close through Oct. 8, highlighting a widening gap between network participation and market performance.

The network recorded about 27,500 daily active addresses on Oct. 7 and 27,200 on Oct. 8. Both readings were roughly 1.7 times Cardano’s September weekday average, although they remained below the network’s late-August peak.

The increase followed the Cardano Foundation’s Oct. 7 announcement that CIP-0113 had gone live on Cardano mainnet. The standard enables programmable Cardano-native tokens whose rules can include know-your-customer checks, sanctions screening, freezing, seizure and transfer restrictions.

CIP-0113 also supports programmable issuance and burning rules. It does not require a hard fork, and the tokens remain native Cardano assets. The CIP repository still lists CIP-0113 as “Proposed.”

“Cardano can now do that natively, and we believe the way we do it is unique,” Cardano Foundation CEO Frederik Gregaard said.

Daily active-address figures measure the number of distinct addresses involved in transactions. They do not show whether activity involved buying, selling, transfers, application use or short-term transactions linked to the launch. The timing therefore shows that the rise in network activity and ADA’s decline occurred together, not that the launch caused the increase.

Bitcoin and Ethereum active addresses were at or below their September norms on the same dates. ADA’s reported decline is approximate because the percentage varies by exchange, benchmark and time convention.

Analyst Giannis Andreou identified $0.30-$0.35 as an important recovery zone and said ADA could move toward $0.90 if multiple resistance levels are cleared. Those levels represent his analysis rather than confirmed market outcomes.

The divergence leaves two separate measures in view: Cardano saw more on-chain participation around the mainnet launch, while its token price moved lower during the same period. Earlier coverage of ADA’s funding-rate decline examined derivatives positioning rather than network activity.