Sundae V3 showed great progress by registering high figures which made the Cardano founder cater to the larger crypto community with respect to the awakening of the protocol.
Here’s what Charles Hoskinson had to say in terms of the evolving Cardano ecosystem.
And remember that so much amazing tech is coming over the next few years. Cardano is waking up https://t.co/pdXvZ8RCUN
— Charles Hoskinson (@IOHK_Charles) June 23, 2024
Sundae V3 is a Decentralised Exchange (DEX) built on the Cardano. Amazingly, it has processed 9264 orders within 24 hours, highlighting the reason behind its popularity.
About nine hundred of the processed orders were placed and completed in the same block, according to Sundae Labs CTO Pi Lanningham. Similarly, 50% of all orders were completed in less than 30 seconds, 70% in less than a minute, and 90% in less than 221 seconds.
Being the blockchain for the DApp, the Cardano has achieved a major milestone with this enhanced performance on Sundae v3. The Cardano ecosystem has seen numerous changes and events in the past few months, which indicate that the cryptocurrency ecosystem is reviving and moving in a new direction.
Was This All That The Cardano Founder Had?
Well, Absolutely Not!
- The Cardano Founder made hints about the Chang Hard Fork update two weeks ago which is now expected to go live in June. In addition, he indicated that Cardano Node was prepared for the update by announcing the upcoming release of version 9.0. As June comes to an end, the community eagerly awaits the update.
- To improve community participation in treasury control, Cardano is moving toward decentralized governance and implementing Decentralized Representatives (dReps).
- To satisfy users who are concerned about security, it has introduced a multi-staking functionality to its Light Wallet Lace that enables ADA holders to assign tokens to several stake pools without dividing funds among accounts.
Suggested Read: Top 10 Altcoins Of 2024
Conclusion
Keeping in mind these advancements with higher Sundae v3 and Hoskinson’s statements, it can be predicted that Cardano’s future is going to be a brighter one. Also, the efforts it is making at present for the community are appreciable as a whole. At present, ADA is trading at $0.3907 with an increase of 3.15%.
For more such updates, stay tuned at ReadingCrypto!
