According to ChainCatcher, CME added Cardano futures to its 24/7 trading schedule on May 29. ADA then joined the Nasdaq CME Crypto Index on June 8, standing alongside BTC, ETH, XRP and Solana. These developments expanded the visibility of Cardano-related derivatives and index exposure, but the broader set of figures around ADA and the Cardano ecosystem remains under pressure.
ADA falls to its lowest level since 2021
On the price side, ADA has declined 37% over the past month to about $0.17, marking its lowest level since 2021. This move sits in contrast with the additions to round-the-clock futures trading and the Nasdaq CME Crypto Index, making price performance one of the central facts in the current Cardano update.
Issues within the ecosystem have also continued. TapTools, an analytics platform that served more than one million users, shut down after the departure of a core executive. In addition, the 2026 Singapore summit was canceled after a governance vote received 65.21% support, falling short of the 66.67% two-thirds absolute majority threshold required for approval.
DeFi TVL contracts while Leios testnet approaches
Cardano founder Charles Hoskinson warned that more DeFi projects will fail in the second half of 2026. DefiLlama data shows that total value locked in the Cardano DeFi ecosystem has fallen from about $905 million at the end of 2024 to less than $140 million at present, a contraction of 85%. The figures show a sharp reduction in Cardano’s DeFi scale compared with its level at the end of 2024.
The only stated upcoming milestone in the current timeline is the June 23 launch of the Ouroboros Leios testnet. The upgrade targets speed and throughput, with mainnet deployment targeted for the end of 2026. Taken together, CME’s 24/7 futures trading, ADA’s index inclusion, the TapTools shutdown, the Singapore summit vote, the DeFi TVL decline and the Leios testnet schedule form the main set of developments currently surrounding Cardano and ADA.