- Cardano’s Sundae v3 processed 9264 orders in 24 hours, reaching a key point in the DEX’s performance.
- Cardano prepares for the Chang Hard Fork and decentralized governance with multi-staking and Decentralized Representatives (dReps).
- ADA shows positive movement, reflecting growing confidence in Cardano’s ecosystem amid Sundae v3’s surge and upcoming upgrades.
Cardano’s Sundae v3, a leading Decentralized Exchange (DEX), has seen an increase in activity. Within 24 hours, the platform processed up to 9264 orders. Charles Hoskinson, Cardano’s founder, highlighted this growth, noting the protocol is “waking up.”
Sundae v3’s Breakthrough Performance
Sundae v3’s improved performance marks a milestone for Cardano. Pi Lanningham, CTO of Sundae Labs, reported that about 900 orders were executed in the same block. Ninety percent of the orders were completed in 221 seconds, half in 30 seconds, and seventy percent in a minute. These statistics demonstrate the DEX’s enhanced efficiency.
A number of changes have occurred within the Cardano ecosystem at the same time as this spike in Sundae v3 activity. Cardano has seen a lot of changes and developments in the last several months, which point to its rebirth and realignment.
Hoskinson hinted at the Chang Hard Fork upgrade two weeks ago, which is expected to go live in June. Furthermore, he mentioned that the Cardano Node is nearing version 9.0, indicating readiness for the Chang Hard Fork. With June nearing its end, the Cardano community remains anticipating this update.
Preparing for the Chang Hard Fork
As Cardano prepares for the Chang Hard Fork, the platform is transitioning towards decentralized governance. This shift aims to enhance community input. Hoskinson outlined plans for blockchain governance, including deploying Decentralized Representatives (dReps). These dReps will alter treasury control even without a full constitution.
Additionally, Cardano introduced a multi-staking feature to its Light Wallet Lace. This new feature allows ADA, Cardano’s native token, to be delegated to multiple stake pools. This approach eliminates the need to partition funds across multiple accounts. The feature is designed to cater to users who prioritize security in their investments.
These frequent upgrades and the increase in Sundae v3 orders suggest Cardano’s ecosystem is renewing. Hoskinson emphasized this point, reinforcing the optimism surrounding Cardano’s future.
Moreover, ADA has shown positive movement, recovering by 0.04% in the last 24 hours. It trades at $0.3861, reflecting growing confidence in Cardano’s prospects. The momentum within the Cardano ecosystem, highlighted by Sundae v3’s surge and the upcoming Chang Hard Fork, underscores a period of growth and transformation for the blockchain platform. The developments promise a more robust and dynamic future for Cardano and its community.
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