Summary
TLDR: Cardano’s Treasury has accumulated 1.5 billion ADA tokens, worth over $720 million, to fund ecosystem development. This decentralized fund is controlled by ADA holders, promoting democratic decision-making. The growth in ADA tokens is attributed to network activity and could lead to a bullish trend for Cardano.
Key Points
1. Cardano’s Treasury has hoarded 1.5 billion ADA tokens, worth over $720 million, which constitutes over 4% of the circulating supply.
2. This is a reservoir of funds dedicated to fostering the ecosystem’s development.
3. Last month, the Treasury’s dollar value briefly surpassed $1 billion. This prompted Dan Gambadello, the host of the Crypto Capital Venture YouTube channel, to hail it as a “fundamental pillar of a self-sustaining ecosystem.”