The Cardano ecosystem is advancing with the development of Apex Fusion, an interoperability-focused platform designed to bridge Cardano's Extended Unspent Transaction Output (EUTxO) model with the Ethereum Virtual Machine (EVM). This initiative, created by veterans from Cardano, Ethereum, and Polygon, seeks to counteract blockchain tribalism by combining the security and scalability of UTxO with the flexible smart contract functionality of EVM.
The platform's first chain, PRIME, launched with support from over 130 stake pool operators (SPOs) and serves as the foundational layer. Apex Fusion utilizes the Ouroboros Proof-of-Stake protocol and features its native AP3X token. The foundation is offering a 10% APY on liquid, native staking with no lockups to incentivize participation. Program Director Christopher Greenwood emphasized the importance of community staking for network security and decentralization.
Beyond technical integration, Apex Fusion aims to enhance Cardano's regulatory appeal. Its FINMA (Swiss Financial Market Supervisory Authority) status provides a legally compliant framework for cross-chain operations. This development coincides with broader market movements and analyst commentary on major altcoins. Notably, analyst Ali Charts suggested Cardano (ADA) is in a "buy zone," drawing parallels to its 2020-2021 fractal pattern and predicting a potential recovery to the $4-$6 range, despite its current price hovering around $1.02.
The news also references former US President Donald Trump's announced plans for a federal cryptocurrency reserve that would include Cardano, alongside Bitcoin, Ethereum, XRP, and Solana, highlighting the project's growing institutional recognition.
