Grayscale Lifts ADA Weighting to 20.12% in Smart Contract Fund After Consecutive Increases

Overview

• Grayscale’s Smart Contract Fund raised its ADA share from 19.50% to just over 20.12% with back-to-back weekly adjustments, according to recent market reports.
• ADA trades around $0.28 after easing from a weekend peak near $0.30 as broader crypto prices softened.
• Cardano’s Bitcoin DeFi efforts span non-custodial collateral, stablecoin credit and lending, alongside a live BTC-to-Minswap swap demo and IOG’s Cardinal protocol for BTC bridging.
• Ecosystem activity has thinned since 2021, with remaining teams emphasizing longer-term infrastructure such as the privacy-focused Midnight initiative.
• Analysts outline cycle-based upside scenarios to $3–$9, while critics note this would require roughly $100–$300 billion in market value, and potential catalysts discussed include the Clarity Act, Midnight’s mainnet, and new Bitcoin and XRP DeFi products.