Home Cardano Approves Leios Upgrade With 84% Vote Ahead Of June Testnet

Cardano Approves Leios Upgrade With 84% Vote Ahead Of June Testnet

Share
Cardano Approves Leios Upgrade With 84% Vote Ahead Of June Testnet
News
Share

Cardano has moved closer to scaling its blockchain after the Leios proposal received strong support from delegated representatives, or DReps. The vote allows for 27.7 million ADA in treasury funding to support the network upgrade.

Cexplorer governance data shows that over 84% of DReps voted for the proposal. Leios aims to greatly improve Cardano’s transaction speed and scalability as the network plans for long-term growth.

Input Output Global, Cardano’s development company, has called Leios a key technology for reaching the blockchain’s 2030 vision. The goal is to grow from about 800,000 monthly transactions now to over 27 million in the future.

Developers are getting ready to launch the Leios public testnet on June 23, 2026. Early versions have already been tested in an alpha environment.

The treasury funding will support development through this and the next budget cycle. The project will go through several readiness stages before reaching the mainnet, and Input Output says the upgrade could be fully operational on Cardano later this year.

Besides Leios, other proposals were approved, covering network maintenance, developer experience and upgrades to the Plutus smart contract system. The Pogun proposal, which focused on Bitcoin DeFi, did not get enough votes.

Cardano’s ADA token had a small market reaction after the governance vote. It saw a slight daily gain but is still much lower for the year due to overall crypto market volatility.

This approval shows that decentralized governance is becoming more important in major blockchain ecosystems. Community-backed treasury systems now play a key role in setting technical development priorities.

Image

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

 

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

2026 FIFA World Cup Generated $20B In Blockchain Prediction Market Volume
News

2026 FIFA World Cup Generated $20B In Blockchain Prediction Market Volume

The 2026 FIFA World Cup drove $20 billion in blockchain-based prediction market volume and $24 million in digital collectible trades, with more...

Binance Reports 38% Drop In DeFi Total Value Locked As Ethereum & Solana Slow
News

Binance Reports 38% Drop In DeFi Total Value Locked As Ethereum & Solana Slow

Decentralized finance (DeFi) and major blockchain networks were negatively impacted by declining on-chain activity during the challenging first half of 2026 for...

CoinGlass Says Bitget Ranked Second In Ethereum Derivatives Liquidity In The First Half Of 2026
News

CoinGlass Says Bitget Ranked Second In Ethereum Derivatives Liquidity In The First Half Of 2026

According to CoinGlass’ most recent assessment on the performance of the cryptocurrency futures market, Bitget has solidified its place as one of...

Aave Plans To Wind Down 50 Low-usage Reserves Across Six Blockchain Networks
News

Aave Plans To Wind Down 50 Low-usage Reserves Across Six Blockchain Networks

In one of the DeFi protocol’s biggest cleaning initiatives to date, Aave is getting ready to eliminate dozens of underutilized loan markets....

Related Articles

Click, Tokenize, Own: How RWA Tokenization Is Rewriting Financial Markets

A Quiet Revolution In Ownership Each generation tends to think it is...

Must-watch AI Tokens In 2026

Don’t you think Artificial Intelligence (AI) has become one of the biggest...

Narrative Rotation Playbook: How Traders Spot The Next Hot Sector Early

Crypto does not usually move in a straight line. It moves in...

5 Best Ways To Monetize Your Idle Crypto Via Liquid Staking

Imagine you have been holding Ethereum for years. You think its price...