The hard fork introduces an interim governance structure to Cardano, featuring an Interim Constitution and a new constitutional committee. This upgrade facilitates community-led decision-making, laying the foundation for a fully decentralized governance model.
Despite its interesting concept, the project is entering a crowded stablecoin market and will likely face challenges competing with industry giants such as USDT and USDC.
According to a recent Helius report, a significant 57% of Solana validators would face financial difficulties if the Solana Foundation ends its support program.
With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.
The ratio of staked Ethereum is growing consistently, yet it does not affect the token's price. Speculative markets and short-term sentiment seem to have more say in the price discovery of crypto with little monetary utility
Justin Sun has launched SunPump, a direct competitor to Solana’s Pump.fun, which enables fast and easy meme-coin creation on the Tron blockchain. The platform has quickly attracted a large user base, generating substantial revenue.
