Key Insights:
- Cardano price rallied more than 11% in a day, displacing BCH to become the 10th-biggest cryptocurrency in CoinMarketCap hierarchy.
- Leios’ team has delivered 679,138 lines of code, 3,140 GitHub commits, and contributions from over 35 global contributors.
- Whales have bought $213.9 million since the October 2025 market volatility.
Cardano price is in the spotlight as the developer team shared a major update, highlighting recent progress on the upcoming Ouroboros Leios upgrade. This upgrade disclosure contributed to the ADA price surging 11% over the past 24 hours. Also, Cardano whales demonstrated confidence in ADA, despite the price falling since October 2025.
Ouroboros Leios Upgrade Status
Cardano ecosystem explorer, Adastack on X, brought the market’s attention to the current status of the upcoming Ouroboros Leios upgrade. According to Adastack, the Ouroboros upgrade is the result of steady, persistent work, rather than sudden miracles.
“Rome wasn’t built in a day, but they were laying bricks every hour,” noted Adastack.
Notably, Ouroboros Leios began its development as a research project, gaining momentum in 2022. However, the upgrade has been in development for over two years.
Since then, the team has produced 679,138 lines of code. This is a massive codebase showing deep implementation work. They have also created 3,140 GitHub commits, with contributions from over 35 global contributors.
Ouroboros is described as a PoS protocol positioned to rival the security of Proof-of-Work (PoW) systems while offering several benefits.
The goal is to help the Cardano network achieve a 30–50x boost in throughput. Currently, Cardano mainnet handles roughly 5–15 TPS, depending on block size and conditions.
With Leios, the network targets 100–1,000 TPS. This means near-instant settlement and massive scalability without the network sacrificing decentralization.
In a simulation video shared by Adastack, transactions flowed through a network model in real time. It visualizes how Leios handles high volumes efficiently. As of February 2026, development remains very active, and mainnet rollout is expected via a hard fork sometime this year.
In January, Cardano Ambassador Lucas Macchiavelli noted that the public Leios tracker showed 67% completion in the CIP. Lucas also pointed out active development in detailed specifications, simulations, and code implementation.
Cardano (ADA) Price Flips Bitcoin Cash to Re-enter Top 10
The recent progress in the Ouroboros Leois upgrade comes alongside a bullish performance by ADA price. Cardano has experienced volatility in its ranking over the past few weeks. In early February, ADA fell out of the top 10, with price hovering around $0.28.
As crypto market sentiment improved, ADA quickly moved back into the top 10 in market cap ranking. ADA displaced Bitcoin Cash (BCH) to reclaim its position as the 10th-largest coin, according to CoinMarketCap.
At press time, ADA price was traded at $0.2946, with a market cap of $10.58 billion. Over the past 24 hours, ADA price was down more than 1%, while trading volume decreased by 44% to $613 million.
Technical analysis revealed ADA was pressing against a key descending resistance on the 4-hour chart. Additionally, price tested $0.30, a level that has capped upside multiple times recently.
Considering this move, analysts believe a confirmed breakout and hold could shift short-term momentum. They target the Cardano price toward the $0.32–$0.34 liquidity area.
Cardano Whales Buy the Dip
In addition to the upgrade announcement and reduced volatility in ADA price, whales continued to build their Cardano stash.
Market data spotlighted from analytics platform Santiment, revealing that whales accumulated 819 million ADA. The whale investors scooped up the coins valued at approximately $213.9 million over six months.
The accumulation happened despite a 71% price drop from $0.90 to $0.26 since October 2025. Cardano whales buying aggressively amid a steep downturn suggest confidence in Cardano’s long-term value.
These investors are stacking at discounted prices, betting on future recovery. Their confidence could stem from upcoming upgrades like Ouroboros Leios, ecosystem growth, or market rebound.
The post Cardano Price Jumps 11% as Developer Team Shares Update on Ouroboros Leios Upgrade appeared first on The Coin Republic.
Source: https://www.thecoinrepublic.com/2026/02/27/cardano-price-jumps-11-as-developer-team-shares-update-on-ouroboros-leios-upgrade/
