Cardano's daily active addresses climbed to nearly 27,500 on Oct. 7, roughly 1.7 times September's weekday average, even as ADA's price fell 13% over two days, according to data from analytics firm Santiment. Daily active addresses count the unique addresses transacting on a network each day, a metric commonly used to gauge on-chain usage independently of price.

Activity remained elevated on Oct. 8, reaching about 27,200 addresses, still approximately 1.7 times September's weekday level. The increase coincided with the CIP-0113 token standard going live on Cardano's mainnet on Oct. 7. Token standards set common technical rules for how assets are created and moved on a blockchain, and the CIP in CIP-0113 refers to Cardano Improvement Proposals, the process used to introduce such standards. Santiment identified the launch as a possible factor behind the timing, while stopping short of confirming a causal link.

CIP-0113 Launch Coincides With Address Growth

Santiment shared the figures via X amid discussions surrounding the TOKEN2049 conference, where Cardano supporters had reported rising on-chain activity. The analytics firm said the data supported those claims, noting that activity nonetheless remained below its late-August peak.

Bitcoin and Ethereum recorded a different pattern over the same period, with their daily active addresses holding at or below September's normal levels, according to Santiment. The contrast placed Cardano's uptick against the broader market backdrop, with the two largest cryptocurrencies showing no comparable rise.

The comparison came as ADA's price moved lower. The token declined approximately 13% between the Oct. 6 close and Oct. 8, despite the rise in network activity.

ADA Retreats From $0.28 as Support Faces Test

ADA pulled back after rallying toward $0.28, with its latest price around $0.254. The token had recovered from approximately $0.14 in late June before advancing through the $0.196 and $0.215 levels during August and September. Resistance near $0.27–$0.28 halted the latest advance.

ADA subsequently retreated toward $0.23–$0.24 before rebounding. The 50-day moving average stands near $0.254, while the 200-day moving average sits around $0.234. ADA currently trades near the shorter-term average and above the longer-term measure.

$0.234 Support Could Shape Cardano's Next Move

The $0.234 area represents immediate support for ADA. A sustained hold could allow another attempt toward $0.26 and $0.27, while a breakdown could expose the $0.215 and $0.196 levels.

Trading volume increased during the recent price swings, reflecting greater market participation. A move above $0.26 could put the $0.27–$0.28 resistance zone back in focus.

Santiment said it would monitor whether the rise in active addresses continues beyond the token standard's launch week.