Cardano (ADA) Is Turning Heads This Week with a Strategic Partnership and a Surge in Trading Activity

Input Output (IO), the development firm behind Cardano, has officially partnered with Brave — the popular privacy-focused web browser with over 86 million users — to integrate full ADA support into the Brave Wallet.

Crypto behemoth Cardano is making headlines this week with a strategic partnership and a surge in trading activity. Input Output (IO), the development firm behind Cardano, has officially partnered with Brave — the popular privacy-focused web browser boasting over 86 million users — to integrate full ADA support into the Brave Wallet.

Announcing the partnership, Charles Hoskinson, the founder of Cardano, stated that users will now be able to conveniently store, send, receive, swap, and sign transactions with ADA and other native Cardano assets directly through the Brave browser. The collaboration will also facilitate Brave’s multi-chain support, which already encompasses Ethereum and Solana, and now adds Cardano to the mix.

Highlighting the significance of the deal, Hoskinson shared that the Brave partnership is the first of several partnerships set to roll out throughout the summer and fall. He described these initiatives as “fixing broken windows” — partnerships and collaborations that should have been completed earlier but faced delays.

“This was long overdue. It could have happened in 2022, but certain parties dropped the ball. We’re putting in the effort to get these partnerships back on track, and I’m pleased to announce that we’ve finalized the first partnership with Brave,” said Hoskinson.

The partnership with Brave comes after a period of inactivity in terms of major partnerships, which began to wind down last year. However, despite the lack of partnerships, Hoskinson remained focused on delivering new features and tokens to the Cardano blockchain.

Meanwhile, on the market front, Cardano is also seeing growth in Japan. The ADA/JPY trading pair on Binance experienced a 79% increase in trading volume within the last 24 hours.

This surge has pushed ADA/JPY to become the second most traded Cardano pair globally. According to data from TapTools, the spike indicates heightened activity and interest from Japanese investors, which could further strengthen ADA’s position in Asian markets.

Despite a slight dip of 2% over the past 24 hours, Cardano has surged over 19% in the last week, even briefly reaching an intraday high of $0.865 on Thursday. Bulls are now eyeing the $1.02 resistance level, a breakout of which could mean a sustained bullish trend for ADA.

However, BTC has pulled back slightly after surging past $106,000 following a temporary US-China tariff pause. At the time of writing, BTC is trading at $101,952.

ETH has also pulled back by 3%, while DOGE dropped over 6%.