Cardano announced plans to shift its roadmap from a research and experimental model to a more commercial strategy. Decentralized blockchain has revamped its governance model and highlighted important changes to improve network scalability.
Cardano has announced plans to shift its focus from its previous academically oriented efforts to a greater focus on governance and adoption metrics. The new 2030 strategy guides the network’s trajectory towards statistics that corporate customers and institutional investors consider achievable. These metrics include revenue and capital efficiency. This reform is expected to attract corporate investment and institutional capital to the platform.
Cardano plans to revamp its framework with new strategic overview in 2030
Cardano announces 2030 strategy frameworka December 17 article called “The World’s Operating Systems” detailed the implementation of strategic transitions in operating systems. According to the announcement, Cardano’s transformational shift includes a set of rigorous performance benchmarks designed to redefine Cardano’s reputation by proactively moving away from adoption promises and open-ended goals.
The new strategy aligns Cardano’s framework with key performance indicator KPIs. According to the published framework, Cardano aims to achieve goals in the form of KPIs such as 1 million monthly active wallets and $3 billion in total value locked TVL by 2030. Cardano also plans to strengthen the security and interoperability of its blockchain to support 27 million transactions per month and 324 million transactions per year. This goal still falls short when compared to high-performance networks such as Solana, which processes more than 70 million transactions every day.
The goal of making the network scalable focuses on large-scale development on layer 2 infrastructure. Hydra, a blockchain off-chain scaling solution, is scheduled to launch on mainnet in October 2024, offering high-speed off-chain transactions at low cost.
The network also planned Ouroboros Laios upgradescheduled for 2026, aims to improve base layer throughput. Network upgrades increase network speed without compromising security and decentralization. Under the new framework, Cardano aims to incorporate high-frequency volume activities such as day trading and gaming through a first-class Layer 2 network. The L2 of the network handles the computational load while linking security standards to the mainnet network.
Cardano outlines framework to transform funding models
Cardano’s new framework proposes changes to the network’s capital allocation process. This idea introduces an organized budgeting framework that manages funding programs within the ecosystem’s treasury.
This reform will completely overhaul Cardano’s grant distribution process, which often involves open-ended proposals, with a new process. The proposed framework introduces a one-stop public funding window as an alternative to open-ended proposals. Cardano’s workstream proposes a budget through three utility metrics in the roadmap based on the proposed strategy. These utility factors include contributing to the wallet’s active growth and trading volume.
The proposal emphasizes that the KPIs set act as “gate factors” that determine the fate of funding for the project. The framework also aims to transform Cardano’s operational revenue goals. This proposal suggests financial sustainability, with protocol revenues covering security upgrades and future advancements.
The report sets an annual revenue target of at least ADA 16 million by 2030. The proposal envisions the network settling at a standard transaction fee of 0.05 ADA as network volume soars to 324 million.
This publication anticipates that ADA This increase represents a significant increase from the current price of $0.38. Network revenues are expected to settle at approximately $80 million under the proposed ADA pricing. This number is one-sixth of what Ethereum, the leading smart contract network, delivered this year.
