Cardano’s Leading Players Join Forces in 70M ADA Effort to Drive Network Growth

Cardano Approves 70M ADA Treasury Spend to Boost Core Infrastructure

Cardano’s development teams have secured approval for a 70 million ADA treasury withdrawal to fund key infrastructure upgrades, marking one of the most coordinated ecosystem efforts in years.

The proposal, backed by Input Output, the Cardano Foundation, EMURGO, Intersect, and the Midnight Foundation, cleared a governance vote with more than 60% support from delegated representatives—the fastest approval since Cardano’s on-chain voting system launched.

Funds will be directed toward stablecoin development, credible oracle feeds, cross-chain bridges, custody integrations, and analytics tools, addressing long-standing gaps that have limited DeFi growth and network competitiveness.

“This is about putting aside historic differences and coming together for the greater good of the ecosystem,” said Charles Hoskinson. “By focusing on these five areas, we are tackling fundamental challenges in one decisive move, laying the groundwork for a robust ecosystem that can support everything from DeFi to real-world assets.”

The Cardano Foundation framed the vote as a demonstration of governance’s ability to coordinate large-scale spending. EMURGO highlighted these upgrades as critical for institutional adoption, while Intersect, overseeing the funds, said the goal is to accelerate delivery rather than fund additional research. Early targets include major stablecoin issuers and a top cross-chain bridge provider, though specifics remain confidential.

With broad community support now secured, the focus shifts to execution and whether this initiative can drive the liquidity and application growth necessary to strengthen ADA and the broader Cardano ecosystem.