Overview of Cardano Token (ADA)
Cardano Token (ADA) on the Binance Smart Chain (BSC) is a wrapped and pegged version of the native Cardano token, maintained at a 1:1 ratio by Binance. This BEP20 token facilitates seamless deposits and withdrawals on Binance.com, offering users a bridge between the Cardano blockchain and the expansive BSC ecosystem.
ADA/ETH Market Performance
The current price of ADA/ETH on ApeSwap (BSC) is $0.5821, reflecting a 24-hour decline of 3.56%. Despite this dip, trading activity remains robust, with a 24-hour volume of $945.24 spread across 200 transactions.
Key market metrics include:
- 24-Hour High: $0.607 (21:48 UTC)
- 24-Hour Low: $0.5759 (08:14 UTC)
- Fully Diluted Valuation (FDV): $263.05 million
- Liquidity Pool Value: $34,608.94
The exchange rate stands at 1 ADA to 0.0002279 ETH (as of 11:33 UTC), meaning 1 USD can acquire approximately 1.7179 ADA at current prices.
Liquidity and Pool Composition
The ADA/ETH pool, created three years ago, maintains healthy liquidity. The pool consists of:
- 29,730.07 ADA (valued at $17,270.07)
- 6.7878 ETH (valued at $17,336.61)
This balanced composition supports stable trading conditions and minimizes slippage for users. The pool's contract address (0x61fe209e404166a53cc627d0ae30a65606315da7) has been verified, with no indications of honeypot risks or proxy contracts.
Holder Distribution and Major Stakeholders
ADA boasts a substantial holder base of approximately 608,690 addresses. The largest token holder is the Binance-controlled address (0x835678a611b28684005a5e2233695fb6cbbb0007), which possesses 67.35 million ADA tokens valued at roughly $39.12 million. This significant holding underscores institutional confidence in the token's long-term viability.
Trading Platforms and Accessibility
ADA/ETH is available for trading on several decentralized exchanges, including:
- ApeSwap (BSC)
- Maestro Bot
- KyberSwap
These platforms offer users diverse options for executing trades, providing liquidity, or simply monitoring price movements. For those seeking advanced trading tools and real-time analytics, 👉 explore comprehensive trading strategies to enhance your decision-making process.
GT Score and Security Assessment
The ADA/ETH pool holds a GT Score of 81.04, indicating strong fundamentals and reliable performance metrics. Key security highlights include:
- Verified contract address
- No honeypot risks detected
- No proxy contracts identified
- Recent transaction activity (within 24 hours)
These factors contribute to a secure trading environment, reducing potential risks for investors and traders alike.
Frequently Asked Questions
What is wrapped ADA on BSC?
Wrapped ADA represents Cardano tokens pegged 1:1 to native ADA but deployed on the Binance Smart Chain as BEP20 tokens. This allows users to access DeFi opportunities on BSC while maintaining asset parity with the original blockchain.
How does liquidity affect ADA/ETH trading?
Higher liquidity ensures tighter spreads and reduced price slippage during trades. The current pool value of ~$34,600 supports moderate trading volumes efficiently, making it suitable for retail and small institutional traders.
Can I withdraw wrapped ADA to Binance?
Yes, Binance supports deposits and withdrawals of BEP20 ADA tokens. Ensure you select the BSC network when transferring assets to avoid loss of funds.
What does the GT Score signify?
The GT Score (81.04) reflects the pool's overall health based on liquidity, trading activity, and security. Scores above 80 indicate robust performance and lower associated risks.
Who is the largest ADA holder?
Binance holds the largest known stash of wrapped ADA tokens (67.35 million), highlighting their role as a key liquidity provider and intermediary in the cross-chain ecosystem.
Is the ADA/ETH pool safe to use?
The pool's contract is verified, with no honeypot or proxy risks detected. However, always conduct independent research and 👉 leverage real-time security tools before committing funds to any decentralized platform.
Conclusion
The ADA/ETH trading pair on ApeSwap (BSC) presents a viable option for traders seeking exposure to Cardano within the Binance Smart Chain ecosystem. With balanced liquidity, respectable holder distribution, and strong security credentials, it offers a reliable gateway for cross-chain DeFi participation. Always monitor market conditions and employ risk management strategies to navigate volatility effectively.