- Cardano price faces a major breakdown amid the formation of an inverted pennant pattern in the daily time-frame chart.
- Cardano advances the Leios protocol update to live testing for protocol readiness checks.
- New features such as Endorser Blocks and committee-based validation aim to improve throughput by 10x to 65x.
ADA, the native cryptocurrency of the Cardano ecosystem is down 1% during Thursday’s U.S. market hours to trade at $0.246. The price drop aligns with broader crypto market pullback as Bitcoin price rejects from the $78,000 floor. Despite the intact bearish sentiment in the market, the Cardano network continues to progress in its major scalability update— Ouroboros Leios— expected to boost network throughput by 10x to 65x and drive demand pressure to native cryptocurrency ADA.
Cardano Advances Leios Protocol Upgrade to Meet Long-Term Scaling Targets
Cardano’s blockchain currently processes approximately 800,000 transactions per month. The company’s internal pl...
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