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

Strategy Eyes More Bitcoin Buys As Saylor Touts $30B Digital Credit Capacity
News

Strategy Eyes More Bitcoin Buys As Saylor Touts $30B Digital Credit Capacity

Strategy says it could generate up to $30 billion in digital credit to finance additional Bitcoin purchases. Michael Saylor highlighted preferred-share offerings...

Nasdaq-listed Canton Strategic Holdings To Launch Tokenized Stock Trading On Nov. 2
News

Nasdaq-listed Canton Strategic Holdings To Launch Tokenized Stock Trading On Nov. 2

Canton Strategic Holdings plans to launch tokenized stock trading as early as Nov. 2 on the Canton Network. The tokenized CNTN shares...

Coinbase Reports $719M Profit As Adjusted EBITDA Falls 58%
News

Coinbase Reports $719M Profit As Adjusted EBITDA Falls 58%

Coinbase reported $718.7 million in Q3 2026 net income, boosted by $715 million in crypto investment gains. Coinbase’s adjusted net income reached...

FBI & US Secret Service Investigate $6.3B Crypto Theft As Binance Buys Back Stolen Coins
News

FBI & US Secret Service Investigate $6.3B Crypto Theft As Binance Buys Back Stolen Coins

The FBI and US Secret Service are now working with Binance as part of a global investigation into the $6.3 billion crypto...

Related Articles

Best Crypto Trading Bots In 2026

Running a crypto trading strategy manually can be challenging when markets are...

Reasons Why The U.S. Tops AI Agent Commerce

The concept of agentic commerce where agents can purchase digital services and...

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...