$ADA
ADA's hard fork just dropped today, with the foundation injecting millions
Cardano activated its mainnet hard fork codenamed “van Rossem” on June 15, officially upgrading to protocol version 11. This upgrade focuses on boosting Plutus smart contract performance, mainly targeting execution efficiency and lowering on-chain transaction costs. The hard fork doesn't require a network swap, keeping ecosystem integration relatively light.
On the same day, the Cardano Foundation announced a $10 million injection of ADA for liquidity, working with market makers like Flowdesk to pump into the ecosystem, while also managing an $80 million Orion fund. The Brazilian Olympic Committee signed a new three-year deal, continuing to expand real-world application scenarios on-chain.
ADA is currently priced at $0.17, with an RSI around 29, indicating it's in oversold territory on the tech side. On-chain data shows that between the 9th and 11th, 16 million ADA were pulled off exchanges, marking the biggest single net outflow in four months. T. Rowe Price's newly approved crypto ETF has included this asset in its allocation.
In the short term, the hard fork's launch and the progress of technical tests are key variables to watch, while institutional liquidity injections and CEX withdrawal trends can also serve as tracking indicators.
#Cardano #vanRossem #ADA #硬分叉
ADA's hard fork just dropped today, with the foundation injecting millions
Cardano activated its mainnet hard fork codenamed “van Rossem” on June 15, officially upgrading to protocol version 11. This upgrade focuses on boosting Plutus smart contract performance, mainly targeting execution efficiency and lowering on-chain transaction costs. The hard fork doesn't require a network swap, keeping ecosystem integration relatively light.
On the same day, the Cardano Foundation announced a $10 million injection of ADA for liquidity, working with market makers like Flowdesk to pump into the ecosystem, while also managing an $80 million Orion fund. The Brazilian Olympic Committee signed a new three-year deal, continuing to expand real-world application scenarios on-chain.
ADA is currently priced at $0.17, with an RSI around 29, indicating it's in oversold territory on the tech side. On-chain data shows that between the 9th and 11th, 16 million ADA were pulled off exchanges, marking the biggest single net outflow in four months. T. Rowe Price's newly approved crypto ETF has included this asset in its allocation.
In the short term, the hard fork's launch and the progress of technical tests are key variables to watch, while institutional liquidity injections and CEX withdrawal trends can also serve as tracking indicators.
#Cardano #vanRossem #ADA #硬分叉