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Cardano returns 115,172 ADA to treasury using new contract function for unspent funds

Protocol Fundamentals
28 Oct 2026, 00:05 WIB
Tokenpost
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Bullish
Cardano returns 115,172 ADA to treasury using new contract function for unspent funds

Cardano's network treasury received 115,172 ADA back through two transactions on October 20 and 21, marking the first use of the Treasury Reserve Smart Contract's SweepTreasury function on the mainnet. This function allows administrators to recover unspent budget funds, in this case from the 2025 Cardano Product Committee budget. The move demonstrates improved budget management and contract utility on Cardano's blockchain, with ongoing activity also noted in the 2026 reserve contract. This development highlights Cardano's evolving financial governance and contract capabilities.

Cardano's market cap stands at Rp136.66 trillion with a 24-hour trading volume of Rp3.32 trillion as of October 28, 2026, 04:24 WIB. On Pluang, ADA is priced at Rp3,703, showing a modest 0.35% increase in the past day. The platform's order activity heavily favors buying at 87%, with typical holders maintaining positions for about 127 days, indicating steady investor interest amid ongoing network developments.

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