#TrumpBTCTreasury

In the first quarter of 2025, the Cardano Blockchain completed the milestone Plomin Hard Fork upgrade, officially entering the "Voltaire" autonomous governance phase. This technological leap brought substantial on-chain governance rights to the ADA holding community, enabling them to directly participate in major decision-making processes such as protocol parameter adjustments, financial resource allocation, and future hard forks.

Messari's latest research shows that by the end of the first quarter of 2025, the Cardano ecosystem treasury assets have accumulated approximately 1.7 billion ADA (market value of about 1.1 billion USD). Although the network's daily transaction volume and total locked value (TVL) have experienced short-term fluctuations, analysts generally believe that the launch of the new governance mechanism provides a long-term sustainable institutional foundation for the Cardano ecosystem.

This governance framework is designed based on community proposal CIP-1694, with core components including the Constitutional Committee, the authorized representative (DReps) system, and a voting mechanism that adopts the "one Lovelace one vote" principle. This structure creates a transparent and democratic decision-making framework for Cardano's future technological evolution path and treasury fund utilization.

This governance upgrade is regarded by industry experts as a pivotal point in Cardano's construction of key capabilities for decentralized autonomous organization (DAO), marking significant progress for the project on the path to achieving true decentralized governance. With the advent of the Voltaire era, the Cardano network will increasingly rely on community strength to guide its long-term development direction.