Cardano News: These Are Biggest Development Updates In May

One of the most promising Cardano news features how the ecosystem underwent many updates this past May, marking another set of strides for the Layer-1 blockchain.

Input Output (IOHK), the technology company behind Cardano’s development, highlighted a couple of these updates on X.

The firm noted that 2,002 projects were developing on Cardano as of May 29, 2025.

Cardano News: Key May Development Updates to Note

Cardano is on a continuous mission to offer users a scalable, sustainable, and interoperable blockchain platform.

To this end, it made several giant strides in the previous month, as reported in an X thread.

These updates span ecosystem growth to core technological advancements, reflecting Cardano’s commitment to empowering Decentralized Applications (DApps).

Notably, 9 new projects were added to the 1,993 reported the last time, making a total of 2002 projects developing on Cardano.

Also, the number of delegated wallets increased by 4,000, suggesting that the block saw a notable boost in user engagement. This increase brought the total number of delegated wallets to 1.334 million.

Such delegated wallets play important roles in the Cardano staking system, as they allow ADA holders to delegate their assets to stake pools.

Meanwhile, the L1 ecosystem recorded an uptick in token policies, the unique frameworks for token creation on Cardano.

To garnish the Cardano news, this metric grew from 212,489 to 215,713, showing its multi-asset capabilities. The number of minted native tokens increased by 4,000, going from 10.77 million to 10.81 million.

All of these outlooks reflect the blockchain’s expanding role as a platform for tokenized assets.

In addition, Plutus scripts increased by 3,271, bringing the total number to 134,286. The Plutus script’s growth indicates the interest in DApps and DeFi solutions on Cardano.

The Yoroi Wallet Governance Pivot

Additionally, EMURGO, one of the founding entities of the Cardano blockchain, took to X to highlight an update on Yoroi Wallet’s v5.8.1 desktop.

This iteration brings UI advancements for Cardano governance. This upgrade aims to boost users’ participation via informed decision-making.

Explicitly, it would make onchain governance on the blockchain more accessible, transparent, and engaging.

The Chang hardfork upgrade, launched a few months ago has contributed significantly to Cardano’s growth.

In January, Yoroi Wallet announced that users can carry out ADA transactions quickly and with a few clicks.

Yoroi’s user-friendly interface and fast synchronization with the Cardano blockchain have been crucial to the wallet’s popularity.

Cardano In the Spotlight, ADA Price Rebound Incoming

These Cardano news and development updates have helped it to gain traction recently, but the native coin, ADA, still struggles to hold support above the $0.68 price mark.

The coin is fighting to hold above the $0.68 ADA price support level in the push to the $0.7 price mark.

The futures market data and liquidation numbers also paint a mixed picture for traders, while market sentiment remains divided.

ADA price was traded at $0.6629 at press time, making a 2.06% drop within the last 24 hours.

This was after the coin broke below the $0.70 and $0.720 marks earlier in the week as bearish sentiment grips the ecosystem.

The advances on the Cardano chain is a sign that user-engagement is bound to peak very soon.

If this projection play out, it might spell a good omen for ADA price. While it may not be able to print a solo rally, it will stage an impressive resilience in case more drawdowns are underway.

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