Cardano Poised to Hand Over $681 Million Treasury to Community

• Cardano has the 8th biggest treasury in the crypto industry.
• Upcoming upgrades would hand over Cardano’s treasury to the community.
• Cardano’s growing treasury reserves reflect tightened network activity.

Cardano is on the verge of a significant milestone: handing over control of its $681.9 million treasury to its community. This move, highlighted by crypto asset tracker TapTools, underscores Cardano’s commitment to decentralization and community governance.

Cardano has the 8th biggest treasury in the industry, and it's being handed over to the community.#ChangHardFork @Cardano @IOHK_Charles pic.twitter.com/jXgquu8QsV

— TapTools (@TapTools) June 14, 2024

A data screenshot attached to the TapTools post on X shows that Cardano’s treasury holds its native ADA tokens valued at $681.9 million at the time of the post. Unlike most blockchain protocols, Cardano’s treasury consists solely of ADA tokens, rather than a variety of stablecoins or other digital assets like Bitcoin and Ethereum.

Meanwhile, observers consider Cardano’s growing treasury reserves a reflection of increased network activity. Like most blockchain networks, Cardano uses its treasury to f…

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