Cardano’s network activity moved sharply higher this week even as ADA’s price lost ground, according to data from Santiment. Daily active addresses reached roughly 27,500 on October 7 and about 27,200 on October 8, representing approximately 1.7 times the network’s September weekday average.
The rise coincided with the mainnet launch of the CIP-0113 token standard on October 7. Santiment noted the timing makes the new standard a possible contributor to the increase, while cautioning that causation has not been confirmed. Activity remains below the late-August peak, when daily active addresses rose to around 2.2 times their normal level, but the jump is still considered meaningful.
During the same period, Bitcoin and Ethereum active addresses stayed near or below their September averages, making Cardano’s divergence notable. At the same time, ADA fell approximately 13% from its October 6 close through October 8, retreating from around $0.27 toward $0.23 before stabilizing near $0.254.
Technical levels are now in focus. The 50-day moving average sits near $0.254, while the 200-day average is around $0.234. Immediate support at $0.234 could allow another attempt toward $0.26 and $0.27 if it holds, while a breakdown could expose $0.215 and $0.196. Resistance remains in the $0.27–$0.28 zone.
Santiment said it will monitor whether elevated active addresses persist beyond the token standard’s launch week. For now, the data confirms that ADA’s recent price weakness has not been matched by weaker on-chain usage.
