Key Takeaways
- Cardano’s nine treasury proposals request $38.9 million for 2026.
- The Ouroboros Leios upgrade targets a jump to 200-1,000+ TPS.
- Community delegates (DReps) have until May 24, 2026 to vote on all nine proposals.
This story is now facing real-world challenges: it needs to produce results quickly, and the community, not the original creators, will decide how the money is spent.
As an analyst, I’ve been reviewing Input Output Global’s plans for the future. They recently – in late April 2026 – released nine detailed proposals for development through 2030, and importantly, they’ve included projected costs for each initiative, essentially outlining how much funding they’ll need from the network.
The current funding request is $38.9 million, about half the amount requested last year. The organization claims it’s becoming less reliant on direct funding as its revenue from the blockchain network grows. However, this explanation will only be valid if the planned technology is delivered on time.
The Leios Upgrade and What It Actually Changes
The main focus of our development plan is Ouroboros Leios, an upgrade that separates how transactions are verified from how new blocks are created. Currently, these two processes are connected, which limits how many transactions we can process at once. Leios will use a two-step system: first, blocks will process transactions simultaneously, and then separate blocks will confirm and finalize the ledger.
As a Cardano investor, I’m really excited about the potential improvements coming with the Leios upgrade. Early tests are showing a huge jump in transaction speeds – we’re currently around 10-15 transactions per second, but Leios could push that to between 200 and 1,000 TPS under normal use, and even up to 10,000 TPS if everything is perfectly optimized. To make this happen, Input Output Global (IOG) is asking for 62.1 million ADA – around $15.8 million right now – to cover things like upgrading the network nodes, setting up monitoring tools, and ensuring everything is secure with thorough audits. They’re planning a public testnet in June 2026, and if all goes well, we should see the full upgrade live on the mainnet before the end of that year.
Beyond Speed: The Other Eight Proposals
These suggestions go beyond simply increasing transaction speed. One proposal, called Babel Fees, would allow users to pay transaction fees using cryptocurrencies other than ADA, like stablecoins or tokens from other projects. This would make it easier for people to use Cardano without needing to obtain ADA first, removing a common obstacle.
UTXO HD is a technical update designed to ensure the Cardano network can continue running smoothly on everyday home computers as the blockchain grows – a key consideration for any decentralized network aiming for wider use. Separately, Pogun is a new system intended to bring Bitcoin-based finance to Cardano. It will use secure connections and lending platforms to move Bitcoin value onto the Cardano network, with a planned launch in the second quarter of 2026.
Van Rossum, Midnight, and the Visa Card
This month, Cardano underwent a significant upgrade called the Van Rossum hard fork, bringing it to Protocol Version 11. This update improved the performance of Plutus smart contracts, reducing the resources needed to run them by about 25%, as detailed by IOG. This upgrade was a necessary step to prepare for the upcoming Leios launch and provides developers with a more streamlined platform for building and testing on the testnet.
On March 31st, a new privacy feature called Midnight launched, adding another layer of confidentiality to the network. Midnight uses its own cryptocurrency, NIGHT, and was initially supported by major institutions like Google Cloud, MoneyGram, and Worldpay, who help validate transactions.
As a Cardano investor, I was really interested to hear Charles Hoskinson point out how Midnight’s token system is different from Ripple‘s XRP. He’s saying Midnight is designed to benefit the whole Cardano community, not just a few people. Plus, the recent launch of the Visa debit card by EMURGO and Wirex – letting you spend ADA and other cryptos with rewards – feels like a big step. It’s not just hype; it actually shows real-world use and could contribute to the transaction volume IOG is predicting for 2030. It’s good to see the demand side of things finally taking shape.
What the On-Chain Data Shows
Looking at the blockchain data before the voting began, we see a potentially positive sign. In early April, the number of wallets holding a significant amount of ADA – 10 million or more – reached a four-month high of 424. This suggests that larger ADA holders were buying more before the June testnet launch.
Currently, around $132 million worth of digital assets are used in Cardano’s decentralized finance (DeFi) applications. While this is less than Ethereum and Solana, experts note that Cardano’s market capitalization is about 66 times larger than its TVL. This suggests that many ADA owners haven’t yet started actively using these DeFi applications. It’s unclear whether this indicates a future surge in activity or a lack of long-term interest.
The 2030 Targets and the Competition
The plan aims to reach 324 million transactions each year and one million active wallets per month by 2030. They anticipate the total value locked (TVL) will grow significantly, from its current level of $132 to $500 million, to a projected $3 billion.
As an analyst, I’ve been reviewing price predictions for ADA, and the range I’m seeing, based on information from Input Output Global, is quite broad – between $1.20 and $5.00 by 2030. Currently, the price is fluctuating between $0.25 and $0.80. It’s important to remember these projections are highly uncertain. Furthermore, while Cardano has been focused on research and development, other networks like Ethereum’s Layer 2 solutions and Solana have continued to evolve and compete.
May 24: The Vote That Decides the Roadmap
The first important date is May 24, 2026. On this date, Delegated Representatives – those who currently vote on how Cardano spends its funds – will finish voting on all nine proposals.
This is the first time funding for IOG’s development will be decided not by IOG itself, but by the community of token holders who govern the network. The Leios testnet launching in June will be the first real opportunity to see if the proposed technical work is progressing as planned.
This article is for informational purposes only and shouldn’t be taken as financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Before making any investment choices, be sure to do your own research and talk to a qualified financial advisor.
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2026-04-24 00:24