Cardano reached a historic milestone of 121 million processed transactions and recorded eight consecutive years of uninterrupted uptime. However, this technical achievement was marred by growing internal friction following its transition to on-chain decentralized governance. Charles Hoskinson, the network’s founder, warned that the project’s scientific research laboratory risks closing due to the rejection of a critical funding proposal by Japan’s Delegated Representatives (dReps).
NOW: Cardano $ADA blockchain has officially surpassed 121,000,000 transactions.
Running 24/7 for 8+ years.
A great milestone for the network. pic.twitter.com/gYjfQUDWX1
— Cardanians (CRDN) (@Cardanians_io) May 22, 2026
This internal instability coincides with an adverse financial outlook for its native token, ADA. Trading near $0.249, the asset has accumulated a 91.9% plunge from its all-time high. This loss of market capitalization caused Cardano to drop to 14th place on CoinMarketCap, being overtaken by the privacy cryptocurrency Zcash (ZEC), which climbed to 13th place driven by a solid rally.
Despite macroeconomic and political challenges, the network continues with its technological roadmap to regain investor confidence. This year, Cardano will implement the Van Rossem hard fork to optimize Plutus smart contracts, while preparing the Ouroboros Leios scalability solution and advancing quantum resistance initiatives.
Source: https://x.com/Cardanians_io/status/2057798697279197584
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