#cardano

Cardano’s blockchain successfully completed the Chang hard fork, introducing decentralized governance and improving smart contract capabilities. ADA token holders now wield the power to shape the project’s future by electing representatives and voting on various development initiatives.

The Cardano mainnet was targeted by a DDoS attack in which the perpetrator attempted to overload the system by launching hundreds of smart contracts in an effort to steal staked tokens. However, the developers coordinated a response that successfully thwarted the attack, resulting in the hacker losing funds instead.

Manta, a modular L1 blockchain launched in September 2023, has clinched the 9th position in the list of top projects by Total Value Locked (TVL). With $468 million, it has outperformed rivals such as Sui, Cardano, and Base. Despite this achievement, the trading activity on its DEX remains relatively low ($4.6 million).

Cardano founder Charles Hoskinson has asserted that the survival and growth of the crypto industry are no longer dependent on Bitcoin. He argues that newer technologies have significantly outstripped Bitcoin in functionality.

Bitcoin maximalist Max Keiser has initiated a fresh bout of hostility towards altcoins, specifically targeting Cardano. This provoked a range of negative and, at times, derogatory responses from the community, further inciting him to persist with his inappropriate tirades.

In the last two years, the number of Cardano investors holding onto their coins for over a year has surged nearly ninefold, now at 2.7 million wallets. At the same time, a decline in the number of medium-term investors suggests a notable trend toward long-term investment strategies among Cardano users.