Cardano finally has a week where the on-chain numbers, a real product launch, and a big price call all showed up at the same time.
Addresses jumped when the new token standard went live
Santiment checked the data after people at TOKEN2049 started talking about rising activity. Turns out they weren’t just talking.
Daily active addresses hit about 27.5K on October 7 and 27.2K on October 8 — roughly 1.7 times the average September weekday. The timing matches the mainnet launch of CIP-0113, Cardano’s new programmable token standard.
This wasn’t just the whole market moving either. Bitcoin and Ethereum addresses stayed flat or lower on the same days. Price, though, still got hit. ADA’s price slumped around 13% between the October 6 close and October 8.
So the activity is real. Whether it sticks after the launch buzz dies down is the next question.
Veridian becomes the first real equity on the new standard
While that was happening, the Cardano Foundation spun its digital identity project Veridian out as an independent Swiss company and tokenized most of its 1 million shares directly on Cardano using CIP-0113.
It’s the first live equity to use the new standard. That gives the upgrade something more concrete than another testnet announcement.
The big call: $20+ ADA by early 2027
That’s a massive number from here. It would require a full-cycle shift in market cap and narrative. But it’s now sitting on the table next to the actual network data.
What it all adds up to for ADA
You’ve got rising addresses tied to a real upgrade, the first tokenized company shares using that upgrade, and a loud $20 target for next year.
The optimistic read is that Cardano is finally showing usage that matches the long development story. The more careful read is that one strong week and one tokenized company don’t guarantee the trend continues.
For now, the chain activity checks out, Veridian gives CIP-0113 a live example, and the $20 call has given the bulls a clear number to argue about.
