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$ADA V11 Hard Fork On-Chain Voting Pass Rate 83.62%, ADA Around $0.17 and Other Directions
1. Voting Results: 83.62% Overwhelming Approval
Cardano V11 “van Rossem” hard-fork on-chain governance vote has passed. The DRep (delegated representative) support rate is 83.62%, far exceeding the approval threshold. The Cardano Foundation has cast its vote in favor. Only the Constitution Committee’s final approval remains, and then the mainnet upgrade can be deployed.
2. Network Readiness
Over the past 7 days, about 88% of blocks were produced using V11 software. Approximately 80% of exchange liquidity is ready; Binance and Coinbase have confirmed support. 712,800 ADA votes in favor were cast to move forward with this upgrade.
3. Upgrade Contents
V11 is an intra-era upgrade, meaning it does not require transitioning to a new blockchain era. Three major core improvements: lowering Plutus contract execution costs, embedding ZK cryptographic primitives, and laying the technical groundwork for expanding the Leios capacity by year-end (targeting 1,000+ TPS).
This upgrade was initiated through fully on-chain Cardano governance, not a unilateral decision by the founding team. During the voting process, community member @ItsDave_ADA cast votes in favor totaling 712,800 ADA.
4. On-Chain Data
ADA’s current price is about $0.17, rebounding roughly 23% from June’s low of $0.138. Whale wallets control around 67% of the circulating supply, the highest level since 2020. However, ADA is still down more than 94% from its 2021 historical high of $3.09. $0.16–$0.165 is the key near-term support zone, while $0.17–$0.18 is the resistance area.
5. Conclusion
The V11 hard fork is Cardano’s most important technical upgrade in the past two years. The 83.62% on-chain voting pass rate demonstrates strong community consensus. But upgrades improve the long-term fundamentals—they do not necessarily imply an immediate pull-up in the short term. ADA is consolidating around $0.17, waiting for the fork to be officially activated and for the broader market direction to become clear.
#ADA #硬分叉 #V11 #加密市场
1. Voting Results: 83.62% Overwhelming Approval
Cardano V11 “van Rossem” hard-fork on-chain governance vote has passed. The DRep (delegated representative) support rate is 83.62%, far exceeding the approval threshold. The Cardano Foundation has cast its vote in favor. Only the Constitution Committee’s final approval remains, and then the mainnet upgrade can be deployed.
2. Network Readiness
Over the past 7 days, about 88% of blocks were produced using V11 software. Approximately 80% of exchange liquidity is ready; Binance and Coinbase have confirmed support. 712,800 ADA votes in favor were cast to move forward with this upgrade.
3. Upgrade Contents
V11 is an intra-era upgrade, meaning it does not require transitioning to a new blockchain era. Three major core improvements: lowering Plutus contract execution costs, embedding ZK cryptographic primitives, and laying the technical groundwork for expanding the Leios capacity by year-end (targeting 1,000+ TPS).
This upgrade was initiated through fully on-chain Cardano governance, not a unilateral decision by the founding team. During the voting process, community member @ItsDave_ADA cast votes in favor totaling 712,800 ADA.
4. On-Chain Data
ADA’s current price is about $0.17, rebounding roughly 23% from June’s low of $0.138. Whale wallets control around 67% of the circulating supply, the highest level since 2020. However, ADA is still down more than 94% from its 2021 historical high of $3.09. $0.16–$0.165 is the key near-term support zone, while $0.17–$0.18 is the resistance area.
5. Conclusion
The V11 hard fork is Cardano’s most important technical upgrade in the past two years. The 83.62% on-chain voting pass rate demonstrates strong community consensus. But upgrades improve the long-term fundamentals—they do not necessarily imply an immediate pull-up in the short term. ADA is consolidating around $0.17, waiting for the fork to be officially activated and for the broader market direction to become clear.
#ADA #硬分叉 #V11 #加密市场
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