Decoding Cardano’s [ADA] weekly report for you to avoid losses

Cardano’s weekly development report went live highlighting the necessary updates. ADA’s performance on both the price and metrics front remained positive. The last week was quite happening for the Cardano [ADA] ecosystem as new announcements were made and upgrades got released. ADA’s price also registered a double-digit increase. According to CoinMarketCap, ADA rallied by over […]

The report first mentioned the most prominent update, which was the release of the much-awaited Valentine upgrade. With its launch, cross-chain interoperability was fostered with native support for SECP, which also ensures the highest level of security for DApp development.also mentioned what different teams worked on during the last week. For instance, the Plutus team worked on the Plutus debugger, script capacity increase, and documentation.

On the other hand, the Hydra team completed work on some gaps to bring the Hydra scripts’ implementation in line with the specification, which also improved the size and cost of the scripts. In addition, Cardano also mentioned that the Mithril team released a new 2306.0 distribution that implements minor fixes.

Lastly, the report highlighted updated statistics of the ecosystem, which did not seem to have changed much since the previous week. Consider this- the total number of native tokens was about to reach 7.8 million, at press time, while the total number of transactions touched 61.4 million.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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