$ADA

### **Latest Cardano (ADA) Updates – June 2024**

Cardano continues to evolve with key developments in scalability, governance, and ecosystem growth. Here are the latest updates:

#### **1. Chang Hard Fork Nears Completion (Voltaire Era Begins)**

- The **Chang hard fork**, the final major upgrade in the **Voltaire phase**, is expected in **Q2/Q3 2024**.

- This will introduce **on-chain governance**, allowing ADA holders to vote on proposals and treasury funding.

- Cardano will become a fully **decentralized, self-sustaining blockchain**.

#### **2. Hydra Scaling Solution Progress**

- **Hydra**, Cardano’s Layer-2 scaling solution, is seeing increased adoption.

- Recent benchmarks show **1 million+ TPS (transactions per second)** in controlled environments.

- More dApps are integrating Hydra for faster, cheaper transactions.

#### **3. Midnight (Privacy-Focused Sidechain) Development**

- **Midnight**, a **data-protection blockchain** built on Cardano, is advancing.

- It will enable **confidential smart contracts**, appealing to enterprises and DeFi users.

- Expected testnet launch in **late 2024**.

#### **4. DeFi & dApp Growth**

- **Total Value Locked (TVL)** in Cardano DeFi is rising, with projects like **Indigo, Minswap, and Liqwid** leading.

- **New stablecoins (USDM, USDA)** are enhancing liquidity.

#### **5. Regulatory & Institutional Adoption**

- Cardano is gaining traction in **Africa (Ethiopia, Tanzania)** for blockchain-based identity and finance solutions.

- **World Mobile Token (WMT)** continues expanding, leveraging Cardano for decentralized telecom.

#### **Price & Market Performance**

- ADA remains in a consolidation phase (~$0.40–$0.50).

- A breakout could occur post-Chang hard fork if adoption accelerates.

### **Outlook**

Cardano is transitioning from a development-focused project to a **fully functional, decentralized ecosystem**. If Chang and Hydra deliver as expected, 2024 could be a pivotal year for ADA.

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