Loading cryptocurrency prices...

Cardano Development Report: 1.3 Million Delegated Wallets and $1.5M Investment from Hoskinson Family Office

Cardano Ecosystem Flourishes with 1.3M Delegated Wallets and Strategic Investments as Technical Innovation Accelerates

  • Cardano ecosystem shows robust growth with 1.327 million delegated wallets and 107.52 million on-chain transactions as of March 2025.
  • Strategic investments continue with Hoskinson Family Office committing $1.5 million to W3i Software, while Cardano receives industry recognition as Blockchain Project of the Year.
  • Technical developments accelerate with Starstream zkVM introduction, Wanchain Bridge integration, and ongoing Mithril and performance improvements.

Cardano’s ecosystem demonstrated significant expansion according to its March 14, 2025, development report, showcasing growth across multiple metrics. The blockchain network now features over 1.3 million delegated wallets and has processed more than 107 million on-chain transactions, reflecting increasing adoption and network activity.

- Advertisement -

The infrastructure continues to mature with 10.71 million native tokens now circulating within the ecosystem. Additionally, the platform hosts 129,108 Plutus scripts, demonstrating robust smart contract development activity. Governance participation has also seen an upward trend, with 1,205 Delegation Representatives (DReps) now engaged in the ecosystem’s decentralized decision-making processes.

On the investment front, the Hoskinson Family Office has made a strategic commitment of $1.5 million in W3i Software, strengthening Cardano’s position in the blockchain development landscape. This funding is expected to accelerate innovative applications built on the Cardano protocol.

Industry recognition has followed Cardano’s development efforts, with the project being awarded the prestigious Blockchain Project of the Year at Crypto Expo EU. This acknowledgment highlights Cardano’s growing prominence in the European blockchain sector.

Technical innovation continues to be a focal point for the ecosystem. Sebastien Guillemot has introduced Starstream, a zero-knowledge virtual machine (zkVM) specifically designed for UTXO smart contracts. This development represents a significant advancement in Cardano’s technical capabilities, potentially offering improved scalability and privacy features.

- Advertisement -

Integration efforts have expanded with Lace wallet now supporting the Wanchain Bridge, enhancing cross-chain interoperability for Cardano users. Meanwhile, Mithril has progressed with advanced aggregator prototypes, working toward improving the network’s certification capabilities.

Behind the scenes, Cardano’s performance team has enhanced benchmarking processes to optimize network efficiency, while the Ledger team has concentrated on serialization improvements to streamline data handling and storage. These technical refinements underscore the ongoing commitment to building a robust blockchain infrastructure.

The March 2025 development snapshot reveals a maturing ecosystem with balanced growth across technical capabilities, governance participation, and market recognition, positioning Cardano for continued expansion in the blockchain space.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Emurgo and Wirex Launch Cardano Visa Card for Crypto Payments

Emurgo and Wirex have partnered to launch a physical VISA card supporting Cardano and...

OpenAI Fights NYT Demand for 20M ChatGPT Chats, Cites Privacy

OpenAI rejects a demand to provide 20 million private ChatGPT user conversations in an...

Bitcoin Soars 6% to $105K Amid Fed Rate Cut Speculation

Bitcoin's price has recovered by 6%, reaching around $105,000 after a recent drop below...

Corporate Bitcoin Holdings Hit Record $444B, Buying Slows in Oct

Companies added 14,447 BTC in October, marking the smallest monthly increase of 2025.Total corporate,...

BRICS Bank to Fund Climate Finance Using Local Currencies

BRICS plans to fund climate finance projects using local currencies.The New Development Bank (NDB)...
- Advertisement -

Must Read

Buy Domain With Bitcoin: Top 8 Domain Registrars That Accept Bitcoin And Crypto

You are here because you want to buy a domain with bitcoin, right? If you are looking for domain registrars that accept bitcoin or...