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Cardano DEX volume jumps to 25 million ADA as dormant wallets stir

Cardano DEX volume jumps to 25 million ADA as dormant wallets stir

Cardano’s TVL fell in June, but DexHunter reported a brief surge in DEX activity while Santiment and Coinglass data pointed to movement in older ADA holdings and net exchange outflows.

ADA

Fact Check
All components of the claim are corroborated. The NewsBTC DexHunter article confirms Cardano TVL fell in June and that DexHunter reported a brief DEX volume surge to 25 million ADA. The Santiment X post (the originating primary source) confirms dormant ADA wallets moving via Mean Dollar Invested Age and Age Consumed metrics. The NewsBTC 'oldest holders' article and crypto.news article confirm Coinglass-reported net exchange outflows (~16M ADA, -$2.54M). The headline framing of '25 million ADA' DEX volume and 'dormant wallets stir' is accurate, though the surge was brief (volume later retreated to ~7.45M ADA), consistent with the claim's 'brief surge' wording.
Summary

Cardano’s market and on-chain data show a mixed picture as ADA trades near $0.16. In June, total value locked fell from $129 million to $92 million, while DexHunter said daily decentralized exchange volume rose from about 6 million ADA to 25 million ADA over four days before easing to roughly 7.45 million ADA, driven by tokens including NIGHT, STRIKE and SNEK and stablecoins such as USDCx. Separately, Coinglass reported $30 million in ADA inflows to exchanges and $32.62 million in outflows over 24 hours, for net exchange flows of -$2.54 million, or about 16 million ADA leaving exchanges. Santiment also said older ADA holdings began moving again after months of relative inactivity, with Mean Dollar Invested Age stalling after a steady rise and Age Consumed posting several spikes between June 4 and June 9, including the largest since April on June 9. The signals may indicate accumulation or repositioning near recent lows, but Santiment cautioned that dormant-wallet activity can also reflect distribution rather than a confirmed recovery.

Terms & Concepts
  • TVL: Crypto deposited in DeFi protocols.
  • Mean Dollar Invested Age: An on-chain metric tracking the average age of capital held in wallets.
  • Age Consumed: A measure of how many previously idle tokens moved and how long they had been inactive.