Cardano (ADA) remains one of the most recognized proof-of-stake blockchains in the cryptocurrency ecosystem, known for its academic rigor, scalability, and sustainability focus. As decentralized finance (DeFi) continues to grow across multiple chains, wrapped versions of ADA—such as those available on Binance Smart Chain (BSC)—enable broader access to liquidity and cross-chain trading opportunities.
One such platform where ADA is actively traded against ETH is ApeSwap (BSC), a decentralized exchange offering automated market-making services. This article explores the current price dynamics, liquidity metrics, trading volume, and key insights into the ADA/ETH trading pair on this network.
Understanding Wrapped ADA on BSC
Wrapped tokens are digital assets pegged 1:1 to their native counterparts but adapted to function on alternative blockchain networks. In this case, Cardano Token (ADA) listed on ApeSwap (BSC) is a wrapped version supported by Binance, ensuring parity with the original ADA on the Cardano blockchain.
This version supports BEP20 deposits and withdrawals directly through Binance.com, enhancing interoperability between ecosystems. Users can seamlessly move value across chains while retaining exposure to ADA’s market performance.
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ADA/ETH Price Overview
As of the latest update at 11:33 AM UTC, the price of ADA/ETH on ApeSwap (BSC) stands at $0.5821. Over the past 24 hours, the pair has seen a decline of -3.56%, reflecting short-term bearish sentiment or broader market corrections.
Despite the drop, trading activity remains consistent:
- 24-hour high: $0.607 (recorded at 9:48 PM UTC)
- 24-hour low: $0.5759 (recorded at 8:14 AM UTC)
- Trading volume: $945.24
- Total transactions: 200
These figures suggest moderate engagement within the pool, typical for niche or secondary trading pairs on decentralized exchanges.
Liquidity and Market Depth
Liquidity plays a crucial role in minimizing slippage and supporting stable trades. For the ADA/ETH pool:
- Total liquidity: $34,608.94
- Pooled ADA: 29,730.07 ADA (valued at $17,270.07)
- Pooled ETH: 6.7878 ETH (valued at $17,336.61)
The nearly balanced distribution between both assets indicates healthy market depth and active participation from liquidity providers.
Additionally, the pool’s Fully Diluted Valuation (FDV) is reported at $263.05 million, providing context on ADA’s overall market presence even in wrapped form.
The contract address for this trading pair is: 0x61fe209e404166a53cc627d0ae30a65606315da7
This contract has been verified—no proxy contracts were detected, and there is no evidence of honeypot behavior, increasing trust among potential traders and investors.
Exchange Rate and Purchasing Power
At current rates:
- 1 ADA = 0.0002279 ETH
- 1 USD ≈ 1.7179 ADA
These metrics help users assess entry points and evaluate portfolio allocations. While the price may appear low compared to all-time highs, it reflects the specific dynamics of this cross-chain, decentralized trading pair rather than the primary ADA markets.
Trading Platforms Supporting ADA/ETH
The ADA/ETH pair is available for trading on several decentralized platforms, including:
- ApeSwap (BSC)
- Maestro Bot
- KyberSwap
Each platform offers unique features such as yield farming incentives, low-latency bots, or aggregated liquidity. However, due diligence is essential when selecting a trading venue—factors like security audits, user reviews, and transaction speed should be considered.
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Holder Distribution and Whale Watch
ADA maintains a robust holder base with approximately 608,690 holders globally. This widespread distribution contributes to decentralization and resilience against market manipulation.
Notably, a single wallet identified by the address 0x835678a611b28684005a5e2233695fb6cbbb0007—linked to Binance—holds the largest stash of ADA tokens:
- 67.35 million ADA
- Current value: $39,118,356.36
Such centralized holdings are common among top exchanges due to custodial services but warrant monitoring during periods of high volatility.
Pool Age and Activity Status
The ADA/ETH liquidity pool was created three years ago, indicating long-term stability and sustained interest. Despite its age, the pool remains active:
- Most recent transaction occurred within the last 24 hours
- GT Score: 81.04 (a strong rating on GeckoTerminal’s trust and performance index)
- Verified contract with no red flags
This combination of longevity and ongoing use signals reliability for traders seeking consistent access to this pairing.
Frequently Asked Questions (FAQ)
Q: What is a wrapped ADA token?
A: A wrapped ADA token is a version of Cardano’s native ADA that operates on another blockchain—like Binance Smart Chain—through a 1:1 peg. It allows users to trade or provide liquidity on DeFi platforms outside the Cardano ecosystem.
Q: Is the ADA/ETH pool safe to trade on?
A: Yes. The contract has been verified, shows no signs of honeypot traps, and does not use proxy patterns commonly associated with malicious code. Additionally, its GT Score of 81.04 reflects solid performance and trust metrics.
Q: Why is the price of ADA different on ApeSwap than on major exchanges?
A: Prices on decentralized exchanges can vary due to lower liquidity, differing supply/demand dynamics, and arbitrage delays. Always check multiple sources before executing trades.
Q: Can I deposit native ADA directly into ApeSwap (BSC)?
A: No. You must first bridge or wrap your ADA into its BEP20 equivalent—typically via Binance or a cross-chain bridge—before trading on BSC-based platforms.
Q: How do I add liquidity to the ADA/ETH pool?
A: Connect your Web3 wallet (e.g., MetaMask), navigate to ApeSwap, select the ADA/ETH pair, and deposit proportional amounts of both tokens. You’ll receive LP tokens representing your share.
Q: What factors influence the ADA/ETH exchange rate?
A: The rate depends on relative demand within the pool, overall sentiment toward Cardano and Ethereum, macroeconomic trends in crypto, and broader DeFi activity.
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Final Thoughts
The ADA/ETH trading pair on ApeSwap (BSC) offers a viable gateway for DeFi participants to engage with Cardano’s ecosystem beyond its native chain. With verified contracts, stable liquidity, and transparent metrics, it serves as a trustworthy option for traders and liquidity providers alike.
While trading volumes remain modest compared to centralized exchanges, the pool's longevity and clean security profile make it a noteworthy component of BSC’s growing DeFi landscape.
As cross-chain interoperability evolves, assets like wrapped ADA will continue playing a pivotal role in connecting diverse blockchain economies—offering flexibility, accessibility, and new yield opportunities.
For those exploring alternative markets or diversifying their DeFi strategies, monitoring pairs like ADA/ETH could reveal valuable insights and timely opportunities.
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Cardano Token (ADA), ADA/ETH price, ApeSwap (BSC), wrapped ADA, liquidity pool, DeFi trading, GT Score, BEP20 token