Cardano\'s Sundae V3 Processes Record Orders, Signaling a Revitalized Ecosystem Ahead of Major Upgrades

Charles Hoskinson, the founder of Cardano, decided to draw the attention of the broader crypto community to the fact that Sundae v3 was abruptly registering high figures

Cardano founder Charles Hoskinson highlighted the protocol's resurgence as Sundae V3 processed 9,264 orders in 24 hours, marking a key milestone for the blockchain's flagship DApp.

Cardano's Sundae V3 Sees Record Orders, Signaling a Reinvigorated Ecosystem Before Major Upgrades

Cardano founder Charles Hoskinson couldn't help but bring the broader crypto community's attention to the fact that Sundae v3 was suddenly seeing big numbers, stating that the protocol was "waking up."

Sundae v3, a leading Cardano-based Decentralized Exchange (DEX), processed as many as 9,264 orders within a 24-hour period, according to a report (via CoinGape).

Of the processed orders, roughly 900 were submitted and executed in the same block, as stated by Sundae Labs CTO Pi Lanningham. Furthermore, 50% of the orders were completed within 30 seconds, 70% within one minute, and 90% within 221 seconds.

This improved efficiency on Sundae v3 marks a key milestone for Cardano as the blockchain for the DApp. The Cardano ecosystem has seen a variety of events and enhancements over the last several months, indicating a repositioning and revival of the crypto ecosystem.

Hoskinson hinted at the upcoming major Chang Hard Fork upgrade two weeks ago, which is set to go live in June.

He also revealed that Cardano Node will soon reach version 9.0, a critical point that suggests Cardano is ready for the Chang Hard Fork. This statement also suggests that the update is expected to be released by the end of the month. The conclusion of the month, which is now only one week away, is eagerly anticipated by the Cardano community.

Cardano Pushes Decentralized Governance with dReps, Multi-Staking Ahead of Chang Hard Fork

Cardano is shifting towards decentralized governance to increase community involvement as it prepares for the Chang Hard Fork upgrade. The Cardano founder outlined the proposed blockchain governance system, which will involve the deployment of Decentralized Representatives (dReps). These dReps will largely govern the treasury, even without a full constitution, and to a lesser extent the protocol parameters.

Recently, a game-changing feature was introduced by Cardano into its Light Wallet Lace: multi-staking or multi-delegation. This capability significantly benefits users by eliminating the need to partition funds across multiple accounts. Instead, users can now delegate ADA, the blockchain's native token, to multiple stake pools, streamlining their investment strategy.

Ultimately, this feature caters to users who prioritize their investment security.

Hoskinson noted that the frequency of these milestones, including the increase in Sundae v3 orders, suggests that Cardano is "waking up." Meanwhile, ADA saw a 0.04% increment in value over the past 24 hours and is currently trading at $0.3861.

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News source：https://www.kdj.com/cryptocurrencies-news/articles/cardano-sundae-v-processes-record-signaling-revitalized-ecosystem-ahead-major-upgrades.html

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