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Cardano Derivatives Market Explodes With 37,655% Volume Surge Ahead of Fed Meeting
Cardano Price – The crypto market is heating up ahead of one of the most consequential Federal Reserve decisions of the year, and Cardano (ADA) is taking center stage. With investors closely watching today’s Dec. 10 Fed policy announcement and Chair Jerome Powell’s final 2025 press conference, traders are repositioning themselves across the market. As a result, most cryptocurrencies are trading in the green — but none as strongly as Cardano.
Cardano Leads Top 10 Cryptos With Double-Digit Daily Gains
Among the top ten digital assets, Cardano outperformed all major competitors, surging 11% in a single day. The coin is now up nearly 7% this week, trailing only Ethereum, which has gained 9.06% over the same period.
This surge in price was accompanied by an extraordinary explosion in derivatives activity. Cardano’s futures volume on BitMEX jumped an astonishing 37,655%, climbing to $105.65 million traded in the last 24 hours.
Leverage Builds as Open Interest Rises
The wave of activity didn’t stop at volume. According to CoinGlass data, Cardano’s open interest (OI) — the total number of outstanding futures or options contracts — rose 10.93% to $813.70 million. This sharp increase suggests that the latest price rally has been supported by heavy leverage, as traders bet on continued volatility surrounding the Fed decision.
Network Momentum Adds Fuel to ADA’s Rally
Beyond macro factors, network-specific developments are adding bullish energy to the ecosystem. Since Dec. 7, Cardano has been steadily climbing as expectations for upcoming infrastructure improvements grow. On Tuesday, ADA posted its most dramatic move yet, jumping from $0.423 to $0.489.
The Cardano community recently approved a 70 million ADA treasury withdrawal to fund infrastructure integrations — a historic, coordinated effort that achieved over 71% support, marking the fastest approval since Cardano’s governance began. Additionally, NIGHT, the network’s native token, officially launched as a Cardano Native Asset (CNA) on Dec. 4, as the Midnight network prepares for a transition to a fully decentralized mainnet.
