#ADA Cardano surged 30% over the past seven days, overtaking Stellar in market capitalization.

Cardano rose 30% in the last week, surpassing Stellar to reclaim the 13th spot.

After dropping to its lowest levels since 2020 last month, ADA found room to recover driven by new buying activity.

The creation of 14,783 new non-empty ADA wallets on the network was among the data points supporting this recovery.

It was announced that support would be provided for seven major networks, ranging from Bitcoin to XRP.

Cardano regained ground in market capitalization thanks to a recovery that accelerated in recent days, overtaking Stellar to rise to the 13th position. This placed ADA right behind Zcash. Stellar had recently surged ahead of Cardano, but price action over the past week shifted the balance once again.

Divergence played a key role in the rally

Stellar had previously moved ahead of Cardano after gaining 76% in value within a week. This surge was driven by the announcement that the DTCC—known for its clearing and settlement infrastructure on Wall Street—planned to collaborate with the Stellar Development Foundation on tokenization. The DTCC is a major institution providing post-trade infrastructure services to global financial markets.

In contrast, Cardano rose 30% over the last seven days. According to Santiment data, the near-term catalyst for this movement was the asset's distinct divergence from broader market trends.
Last month's selling pressure has given way to accumulation

Last month, significant pressure weighed on ADA. The price's retreat to levels not seen since 2020 fueled fear, uncertainty, and a lack of confidence in the market. Publicly voiced concerns by Charles Hoskinson further highlighted this weak outlook.

Despite this, the sharp pullback created an accumulation zone for investors taking contrarian positions. This recovery was accompanied by the addition of 14,783 new, active ADA wallets to the Cardano network. On-chain data indicates a resurgence of interest from both new users and existing investors.

The Midnight plan and cross-network architecture

Hoskinson also shared new details regarding the Midnight project. He stated that Midnight is designed to support the Bitcoin, Ethereum, Cardano, Avalanche, Solana, BNB, and XRP ecosystems in its initial phase, with the aim of deepening cross-network interoperability.

These statements demonstrated that the price recovery in Cardano was not merely a result of short-term market movements; they showed that investors are also closely monitoring the network's technical roadmap and ecosystem expansion plans.
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