Cardano Approves 96M ADA for Year-Long Protocol Upgrades
Cardano’s community has approved a 96 million ADA (about $71 million) proposal to fund year-long protocol upgrades by Input Output Engineering (IOE). Supported by 74% of voters, funds will be released from Cardano’s on-chain treasury on a milestone basis under Intersect oversight, with monthly reports and quarterly budget disclosures ensuring transparency. Key enhancements target scalability, interoperability and developer experience, including the Ouroboros Leios consensus boost, Hydra layer-2 scaling, Mithril signature aggregation, Nested Transactions and a modular node architecture via Project Acropolis. This marks Cardano’s first direct core development funded through decentralized governance. After the vote, ADA rallied over 8% to $0.7357. Traders will watch milestone deliveries and network metrics as potential catalysts for further price moves.
Bullish
The milestone-based treasury funding and robust transparency measures signal growing maturity in Cardano’s governance and core development. Major upgrades—Ouroboros Leios, Hydra scaling, Mithril aggregation, Nested Transactions and Project Acropolis—are poised to boost transaction throughput, lower costs and improve developer onboarding. ADA’s 8% rally reflects renewed investor confidence. In the short term, trading activity may spike around milestone completions and performance benchmarks. Over the long term, enhanced scalability and interoperability could drive wider adoption and support sustained price appreciation.