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Cardano hits 121M transactions and 8 years uptime amid governance crisis and market decline

Protocol Fundamentals
22 May 2026
UToday
View Source
Bearish
pluang ai news

Cardano blockchain reached 121 million transactions and eight years of continuous uptime, marking a significant technical milestone. However, this achievement is overshadowed by internal governance conflicts, including a controversial funding vote that threatens the project's research ecosystem. Founder Charles Hoskinson warned that the network's lab may shut down due to funding issues. Meanwhile, Cardano's native token ADA has fallen 91.9% from its all-time high and dropped to 14th place in market rankings, losing ground to competitors like Zcash. Upcoming upgrades like the Van Rossum Hard Fork and Ouroboros Leios aim to improve smart contracts and scalability, signaling efforts to revitalize the ecosystem.

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