Cardano （ADA）, a proof-of-stake smart contract platform, has achieved a significant reliability milestone by operating for 2,500 days without any major performance issues.
Points
- Cardano has completed 2,500 days of uninterrupted mainnet operations.
- The platform has not experienced any severe performance issues or outages.
- Cardano’s total value locked （TVL） in DeFi is recovering from recent lows.
- The reliability milestone has been celebrated by the Cardano community.
- Skeptics have criticized the platform for low on-chain activity and price performance.
Cardano （ADA）, one of the oldest proof-of-stake （PoS） blockchain networks, has reached a remarkable reliability milestone. The platform has operated for 2,500 days without any major performance issues or network outages, an achievement that has been widely celebrated by the Cardano community.
Cardano’s Reliability Record
Jaromír Tesař, a blockchain expert and long-time Cardano ambassador, highlighted the significance of this milestone. Cardano operates on an epoch system, with each epoch lasting five days. Completing 500 epochs without interruptions means that the network has maintained its reliability for over six years.
Community Celebration and Skepticism
The Cardano community has praised this accomplishment, seeing it as a testament to the network’s stability and robustness. However, skeptics have pointed out the platform’s low on-chain activity and underwhelming price performance of its native token, ADA. Despite these criticisms, the network’s uninterrupted operations highlight its technical reliability.
DeFi Activity and TVL Recovery
In addition to its reliability milestone, Cardano’s total value locked （TVL） in decentralized finance （DeFi） is attempting to recover from recent lows. The TVL peaked at almost $500 million in mid-March 2024 but has since dropped to $222 million. However, the TVL has increased by nearly 15% from its many-month low recorded four weeks ago. Protocols such as Minswap, Indigo, and Liqwid are responsible for half of Cardano’s aggregated TVL.
Price Performance of ADA
While Cardano’s technical performance has been robust, the price of its native token, ADA, has not fared as well. ADA’s price is down by 50% since mid-March, currently trading at $0.38. Despite this, the reliability of the network remains a strong point for
Cardano’s future prospects.
解説
- Uninterrupted Operations: Cardano’s ability to operate continuously for 2,500 days without major issues is a significant technical achievement. This reliability enhances the network’s reputation and trustworthiness among users and developers.
- Community and Skeptic Response: While the Cardano community celebrates the milestone, skeptics remain concerned about the platform’s low on-chain activity and ADA’s price performance. This dichotomy highlights the ongoing debate about Cardano’s overall value proposition.
- DeFi and TVL Recovery: Cardano’s recovery in total value locked （TVL） in DeFi indicates a potential resurgence in user activity and confidence in the platform. The increase in TVL, although modest, suggests that Cardano’s DeFi ecosystem is gradually gaining traction.
- ADA Price Trends: Despite Cardano’s technical reliability, ADA’s price decline underscores the challenges the platform faces in achieving broader market adoption and investor confidence. Continued network stability and growing DeFi activity may eventually positively impact ADA’s price.
- Future Prospects: Cardano’s long-term success will depend on its ability to attract more developers, increase on-chain activity, and improve ADA’s market performance. The platform’s strong technical foundation provides a solid base for future growth and development.