Why Cardano’s 57% staked supply signals resilience despite ADA price dip

Coinbase data showed that 57% of the Cardano [ADA] supply was staked. The estimated reward rate ranges from 1.30% to 3.00% APY, with Coinbase's rate at 1.38%. The high-staked supply showed network resilience and strong conviction from holders. In other news, Node 11.2 is live on the mainnet and has brought core upgrade features. AMBCrypto reported that node configs came in a new "envelope" format that nodes older than 11.2 would not be able to read, which means operators will have to upgrade. Despite the news, the price reaction has been minimal so far. Cardano holders underwater once more The MVRV ratio measures how much profit or loss the average investor is sitting on.

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