Cardano’s Hydra Protocol Surpasses 1 Million TPS Milestone
- Cardano’s Layer-2 protocol Hydra achieved 1 million transactions per second during a gaming tournament.
- Charles Hoskinson confirmed the milestone, showcasing Hydra’s scalability.
- Hydra’s TPS outperformed competitors like Solana and Ethereum.
Hydra’s Scalability Potential
Josh Marchand from Sundaeswap praised Hydra’s limitless scalability potential, emphasizing its value.
“Hydra’s true value lies in its limitless scalability. You could scale your system until you run out of resources.”
However, critics raised concerns about the testnet simulation during the tournament, not settled on Cardano’s mainnet.
Cardano Ecosystem Growth
Cardano’s market performance has been strong, with ADA seeing a 250% increase in the past month.
DeFi activity on the Cardano network is rising, with significant value locked in the platform.
The ongoing decentralized governance efforts reflect Cardano’s commitment to community-driven decisions.
Market Data Snapshot
As of December 4, 2024, Cardano is ranked #8 by market cap, with a market capitalization of $41.25 billion.
The total crypto market is valued at $3.59 trillion, with Bitcoin dominance at 54.64%.
