Cardano Price Sees Bullish Surge Ahead of Leios Testnet Launch

Cardano's upcoming Leios testnet launch on June 23 has caused a surge in price, with ADA rising by 12% in the past few days. This increase comes ahead of the public testnet release, which will allow developers to check if the upgrade can deliver its promise of making Cardano faster and more scalable.

The Leios upgrade aims to increase the network's capacity from 800,000 transactions per month to around 27 million, a 33 times boost. This is expected to attract more DeFi applications and increase buying pressure on ADA price.