Cardano Update: IOHK Unveil Significant Strides in the Cardano Ecosystem
IOHK, a prominent blockchain research and infrastructure company, recently shared an update on the latest advancements in the Cardano ecosystem, focusing on core technology, wallets, services, smart contracts, scaling, and governance.
IOHK Significant Milestone
In terms of growth statistics, Cardano has seen substantial progress. The total value locked in Cardano’s smart contracts and DeFi platforms has reached $548.4 million. The number of projects under development has increased to 1,368, with over 10.2 million native tokens minted on the Cardano blockchain, governed by 146,328 unique token policies. Moreover, the Cardano network has processed 94 million transactions as of July 19.
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The Ledger team is preparing for the Chang upgrade, emphasizing rigorous testing through unit tests and conformance tests to ensure a smooth transition to the Conway era. Simultaneously, the Lace team is gearing up for the release of Lace v.1.14 in the coming weeks.
Update on Governance
In terms of scaling innovations and governance updates, the Hydra team has made significant progress in simplifying incremental decommits, updating dependencies, and improving documentation. They have also worked on the setup process for the getting-started demo and developed an SDK wallet. The Mithril team has released distribution 2428.0, which supports Cardano node v.9.0.0 and has started working on the certification of Cardano stake distribution.
Community Engagement
Community engagement and educational initiatives continue to play a crucial role. The Intersect team has provided updates on the latest node release, the Chang timeline, and community tooling. Catalyst has announced the results of Fund12, with 258 new projects preparing for onboarding and celebrating fund winners and participants in Town Hall 171.
Impact on Education
In the educational sector, the Cardano team is actively involved in teaching the Cardano Developer course at UTN in Buenos Aires and providing support for in-person training sessions for the constitutional committee.
The update also acknowledged a notable price rebound for Cardano, with a 40% gain over 14 days, peaking at $0.44 on July 18. However, temporary price stagnation has been observed in the market despite the surge in Cardano’s DEX volumes.
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