Launched in 2017, Cardano has quickly become one of the leading cryptocurrencies possessing a market cap of $14 billion.
Founded by Charles Hoskinson, Cardano is an open-source blockchain network with an extensive ecosystem. It comprises more than 900 DeFi and NFT projects acting as credible tools of value for the blockchain.
- Read More: The Future of Cardano (ADA)
In addition to this, some recent Cardano news saw IOHK head and founder of Cardano, Charles Hoskinson announce his team invested nearly $11 million in a Kenya-based FinTech firm with an intent to transform the microfinance aspect of the finance sector.
The IOHK team has also funded a blockchain research fund at Stanford University aimed at funding researchers from multi-disciplinary backgrounds.
As far as the updates concerning Cardano's treasury are concerned, the funds in the ADA Treasury have surpassed $1 billion. The main reason behind establishing a Cardano Treasury was to fund Cardano's development.
In addition to this, a report released by MBLM further highlights ADA's newest achievement. Cardano has acquired 26th rank in the global brand intimacy report, amping up the community.
The IOHK team has recently unveiled the latest version of the Daedalus wallet. The new version released addresses the bugs and issues such as syncing errors while redeeming incentivized testnet (ITN) rewards.
The network has finally deployed its highly anticipated Vasil hard fork upgrade today at 09:44 UTC.
Cardano has recently been listed on the Robinhood crypto exchange ahead of its upcoming Vasil Hard fork upgrade. Alongside that, Cardano has also released new versions of Daedalus wallets which the team is addressing as the "final mile" towards the highly anticipated Vasil upgrade.
Similarly, leading exchanges such and Binance and Coinbase have extended their support for the upcoming Vasil upgrade.
Hoskinson has also commented on the sudden price drop of ADA, adding that Cardano is stronger than ever at the moment and will regain its price momentum back soon.
With the Vasil hard fork already live on the mainnet, the price of Cardano is being closely watched.
Cardano is currently down 0.8% in the last 24 hours, sitting at $0.422456, with a market cap of $14.3 billion and a 24-hour trading volume of $369 million.
The Cardano price remains down in the last week and month. It has dropped 5.6% in 7 days, and 7.1% in 30 days. However, ADA remains the 8th largest cryptocurrency.