- Cardano’s daily trades hit a new record of over 36,000, marking a significant milestone for the blockchain platform.
- Cardano founder Charles Hoskinson reacted positively to the record, praising the community’s achievement in a social media post.
- Despite recent debates over token allocation, ADA shows price stability, with potential upcoming updates adding to its growth outlook.
Cardano (ADA) has achieved a new milestone, recording over 36,000 daily trades. This marks a significant achievement for the cryptocurrency, reflecting its growing adoption. Founder Charles Hoskinson acknowledged the milestone in a post on X, stating, “Well done.” This news comes as Cardano continues to see an increase in trading activity and price movements.
Debate Over Treasury Fund Request Sparks Controversy
Recently, a heated debate emerged within the Cardano community. A venture capital fund, 3UTxO, requested 200 million tokens from the Cardano Treasury. This request sparked controversy, with many community members voicing concerns about the scale of the demand. Some believe the allocation is too large, raising questions about how the funds will be used.
ADA Price Shows Recovery Amid Market Uncertainty
Despite recent market volatility, ADA has shown signs of recovery. It is currently trading at $0.325 reflecting a 2.76% increase from the previous day. The 24-hour trading volume reached. $255,900,503 Notably, Adam Back, who was mentioned in Satoshi Nakamoto’s white paper, predicted that ADA could fall by another 90%. However, the market suggests a more positive outlook for now.
Hoskinson Announces Major Updates on the Horizon
Charles Hoskinson has made several important announcements regarding upcoming updates to the Cardano platform. One of the most anticipated upgrades is PlutusV3, expected to bring new capabilities for applications built on Cardano. This upgrade is set to launch in the coming weeks and could significantly boost the platform’s functionality.
In addition to PlutusV3, Hoskinson revealed new security measures for wallets, including the integration of PGP encryption. This move aims to provide stronger security for users’ funds. He also announced a $1 million bounty for anyone able to hack a secure Cardano wallet, further emphasizing the platform’s focus on security.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
