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Cardano funds 12 projects with 2M ADA, linking grants to network usage and adoption milestones

Protocol Fundamentals
19 Oct 2026
Crypto news
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Bullish
Cardano funds 12 projects with 2M ADA, linking grants to network usage and adoption milestones

Cardano's Project Catalyst selected 12 projects from 117 applications for its 2026 pilot funding, distributing nearly 2 million ADA. The funding focuses on stablecoin payments, DeFi, tokenized assets, and identity solutions, with payments tied to actual network usage and adoption targets. Selected teams must launch on Cardano mainnet within three months and demonstrate measurable adoption to receive full grants. The program, now managed by the Cardano Foundation, replaces public voting with expert panel reviews and rewards projects based on real network activity, aiming to boost practical ecosystem growth.

Cardano's Project Catalyst funding update provides context for cryptocurrency market activity on Pluang as of Oct 19, 2026 19:21 WIB. Among 50 major cryptocurrencies, 23 rose and 25 fell today. Notable movers include ZIL (Zilliqa) at Rp40 with a 1-day change of -2.20% and a typical hold time of 133 days, FTM (Fantom) at Rp11.382 down 2.05%, and CAKE (PancakeSwap) at Rp38.748 down 2.02% with 87% sell order activity. The most notable figure is ZIL's 70% buy order activity on Pluang.

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