According to ChainCatcher, Cardano is ready to hand over control of its $681.9 million treasury to the community. The upcoming "Chang" hard fork aims to fully decentralize Cardano, and the ADA holder community will take over the governance of the network.

A screenshot of data published by crypto asset tracker TapTools on X shows that Cardano's treasury holds $681.9 million worth of native ADA tokens. Unlike most blockchain protocols, Cardano's treasury consists only of ADA tokens, not various stablecoins or other digital assets such as Bitcoin and Ethereum.