Learn about the latest trends in the cryptocurrency market.
Cardano has the eighth largest treasury in the crypto industry.
In future updates, #Cardano treasury will be shared with the community.
The increase in Cardano treasury reflects the density of network activity.
Cardano is about to reach a major milestone by handing over control of its $681.9 million treasury to the community. The move was noted by cryptocurrency tracker TapTools, which highlighted Cardano's commitment to decentralization and community management.
A data screenshot attached to TapTools' post on X shows that Cardano had $681.9 million worth of #ADA tokens in its coffers at the time of publication. Unlike most #blockchain protocols, Cardano's wallet consists solely of ADA tokens and does not include various stubcoins or other digital assets such as #ЛюбимыйТокен or #ЛюбимыйТокен .
On the other hand, observers believe that the increase in Cardano treasuries is a reflection of increased activity on the network. Like many other blockchain networks, Cardano uses its treasury to develop an ecosystem, and observers argue that this structure is fundamental to the project's sustainability.
According to the current phase of Cardano's roadmap, the project has a three-tier governance structure in which the Cardano Foundation oversees the development and evolution of the platform. Other governance elements include Input Output Global (IOG) (formerly IOHK), which is responsible for Cardano's research and development, and EMURGO, which handles commercial ventures.
The upcoming "Chang" hard fork aims to fully decentralize Cardano, with the ADA holder community taking over the management of the network. In an interview, Cardano founder Charles Hoskinson confirmed that the final realization of the community-driven Voltaire era is underway and dismissed concerns about the health of the blockchain amid falling token prices.
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