Cardano Breaks Record with 11 Million Token Policies: What it Means for ADA

Cardano has achieved a significant milestone by surpassing 11 million token policies on its network. This surge in activity is attributed to the increasing use of the native asset model, which allows users to issue tokens without relying on smart contracts. Founding entities have submitted a $70 million plan for new integrations, aiming to enhance Cardano’s ecosystem and attract institutional investors. Market observers believe this proposal could impact ADA prices as community voting unfolds.