Cardano announces a shift in its 2030 strategy, inclined towards a more commercially oriented purpose

Source Cryptopolitan

Cardano has announced plans to shift its roadmap from a research and experimental model to a more commercial strategy. The decentralized blockchain highlighted significant changes to revamp its governance model and improve the network’s scalability.

Cardano has announced plans to shift its focus from previous academic-oriented initiatives to a greater emphasis on governance and adoption metrics. The new 2030 strategy guides the network’s trajectory toward statistics that corporate clients and institutional investors deem feasible. These metrics include revenue and capital efficiency. The reform is expected to attract corporate investments and institutional capital to the platform.

Cardano plans a framework revamp with a new 2030 strategic outline

Cardano published its 2030 strategic framework, dubbed “The World’s Operating System,” on December 17, detailing the implementation of its strategic shift in operating systems. According to the announcement, Cardano’s transformative shift involves a strict set of performance benchmarks designed to redefine Cardano’s valuation by actively shifting from adoption promises and open-ended goals. 

The new strategy orients Cardano’s framework to Key Performance Indicators KPIs. According to the published framework, Cardano aims to achieve objectives in the form of KPIs, such as 1 million monthly active wallets and $3 billion in Total Value Locked TVL by 2030. Cardano also plans to enhance the security and interoperability of its blockchain to support 27 million transactions per month and 324 million transactions per year. The objective still falls short compared to high-performance networks, such as Solana, which handles over 70 million transactions on a daily basis.

The objectives to make its network scalable lean more towards heavy development on its layer two infrastructure. The blockchain’s off-chain scaling solution, Hydra, launched on mainnet in October 2024 and is set to house high-speed off-chain transactions at a lower cost.

The network also planned the Ouroboros Leios upgrade, scheduled for 2026, which aims to increase base-layer throughput. The network upgrade will increase the network’s speed without jeopardizing security and decentralization. Under the new framework, Cardano aims to incorporate high-frequency volume activities, such as day trading or gaming, through first-class layer two networks. The network’s L2 will handle the computational load while linking security standards back to the mainnet network.

Cardano outlines framework to transform its funding model

Cardano’s new framework proposes a change to the network’s capital allocation process. The idea introduces an organized budgeting framework that will govern funding programs within the ecosystem’s treasury. 

The reforms will overhaul Cardano’s grant distribution process, laced with open-ended proposals, with a new process. The proposed framework will introduce batched public funding windows as an alternative to open-ended proposals. Cardano’s workstreams will propose their budgets through the roadmap’s three utility metrics under the proposed strategy. These utility factors include active wallet growth and transaction volume contribution. 

The proposal emphasizes that the set KPIs serve as “gating factors” that determine the fate of funding for projects. The framework also seeks to transform Cardano’s operational revenue goals. The proposal suggests a financial sustainability that allows protocol revenue to cover security upgrades and future advances. 

The report specified an annual revenue target of at least 16 million ADA by 2030. The proposal assumed that the network would settle for a standard transaction fee of 0.05 ADA as the network’s volume surged to 324 million. 

The publication anticipates that ADA will reach $5 by 2030. The upsurge will represent a notable surge from its current price of $0.38. The network’s revenue is projected to settle at approximately $80 million under the proposed ADA pricing. The figure is six times less than what the leading smart contract network, Ethereum, has delivered this year.

Sign up to Bybit and start trading with $30,050 in welcome gifts

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Musk says Tesla could hit $100 Trillion, but needs "enormous work"Elon Musk acknowledged over the weekend that getting Tesla to a $100 trillion company value would demand massive effort and fortune. The statement came after investors suggested this sky-high number could happen if his various businesses merge together. Right now, Tesla sits at $1.5 trillion in market value. Getting to $100 trillion would mean multiplying […]
Author  Cryptopolitan
19 hours ago
Elon Musk acknowledged over the weekend that getting Tesla to a $100 trillion company value would demand massive effort and fortune. The statement came after investors suggested this sky-high number could happen if his various businesses merge together. Right now, Tesla sits at $1.5 trillion in market value. Getting to $100 trillion would mean multiplying […]
placeholder
Fed to enter gradual money-printing phase, says Lyn AldenLyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Author  Cryptopolitan
19 hours ago
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
placeholder
Global crypto searches near 1‑year low at 30 as market cap slumps 43%Global interest in crypto is at a year-long low, with Google searches dropping as the market cap falls 43%.
Author  Cryptopolitan
19 hours ago
Global interest in crypto is at a year-long low, with Google searches dropping as the market cap falls 43%.
placeholder
Arthur Hayes Attributes Bitcoin Crash to ETF-Linked Dealer HedgingArthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
Author  Beincrypto
19 hours ago
Arthur Hayes, the co-founder of BitMEX, suggested that institutional dealer hedging is exacerbating the recent downward pressure on Bitcoin prices.In a February 7 post on X, Hayes pointed to structure
placeholder
Tom Lee’s BitMine Adds Another $42 Million in Ethereum Despite Crypto WinterBitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
Author  Beincrypto
19 hours ago
BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
goTop
quote