Cardano (ADA) is drawing closer to a significant milestone on its path to fully decentralized governance. The Plomin upgrade has marked a substantial milestone in network development with backing from Input Output Global (IOG).
IOG Support for Plomin Upgrade
On January 18, 2025, Input Output Global (IOG) green-lit the activation of the Plomin upgrade on the main Cardano (ADA) network, confirming that all conditions for the governance action in line with the Interim Constitution have been satisfied. IOG representatives noted that thorough internal and independent technical reviews have been conducted. At least 85% of stake pools have upgraded to versions 10.1.3 or 10.1.4, necessary for processing consensus rules with the enhanced protocol version.
Increase in Cardano (ADA) TVL in 2025
In January 2025, the Cardano (ADA) network took a decisive step toward full decentralization of its governance, reflected in the increase of its total value locked (TVL) across DeFi protocols. Cardano's TVL surged from $430 million to $538 million since the start of 2025, with platforms like Liqwid, MinSwap, and Indigo DeFis accounting for over 60% of this growth. The ADA price is attempting to stay above $1.07, with a decline of 4.8% in the last 24 hours.
In conclusion, Cardano (ADA) continues to push forward towards complete decentralization, marking a crucial phase in its development journey.
