Cardano’s van Rossem Hard Fork Nears Final Approval as Governance Vote Progresses

2 hour ago 3 sources positive

Key takeaways:

  • Cardano's near-completed governance vote signals reduced uncertainty for ADA, with enactment likely catalyzing short-term interest.
  • Liquidity readiness at 77% suggests some exchanges lag, potentially causing volatility post-fork until full adoption.
  • The Ouroboros Leios testnet launch marks tangible scalability progress, strengthening Cardano's long-term value proposition.

Cardano’s next protocol upgrade, the van Rossem hard fork, has moved closer to reality after the governance action was submitted on the mainnet on June 16, during epoch 637. The on-chain vote, tracked by the member-based organization Intersect, shows growing ecosystem readiness and significant progress in the governance process.

As of the latest update, the proposal has received 62.76% approval from Delegated Representatives (DReps), 31.59% from Stake Pool Operators (SPOs), and one constitutional vote from the Constitutional Committee (CC), with six members still to vote. The DRep threshold of 60% has been met, while SPOs need to reach 51%, and the CC requires 5 out of 7 votes. According to Intersect, ratification could happen as early as June 28 or July 3, with potential enactment on July 3 or July 8, respectively.

Ecosystem readiness indicators have improved: block production on node version 11 remains stable at 87% for epoch 639, and several major exchanges have signaled support, pushing total liquidity readiness to 77.37%. These milestones are critical for a smooth transition during the intra-era upgrade.

In parallel, Cardano’s scaling and infrastructure efforts are advancing. The Ouroboros Leios scaling solution launched a public testnet called Musashi Dojo this week, moving from research to a live prototype. The Mithril workstream has been handed over to Teragone, bringing cryptographic expertise to the project. Additionally, the RealFi Phase 1 Testnet is set to go live on July 6, marking the first public step toward next-generation stablecoin infrastructure on Cardano. These developments underscore Cardano’s ongoing push for scalability, governance, and real-world finance applications.

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