Cardano’s $71M Power Move: Hoskinson Declares Victory as Hydra & Leios Upgrades Get Funded

Cardano just locked in a $71 million war chest—and Charles Hoskinson is already popping champagne. The blockchain's Hydra scaling solution and Leios efficiency upgrades just got the green light, signaling ADA's next evolution.

Scaling meets speed—without the empty promises. While other Layer 1s drown in vaporware roadmaps, Cardano's funding milestone puts real muscle behind its 2025 ambitions. Hydra aims to turbocharge transactions, while Leios optimizes block propagation—because even decentralized utopias need logistics.

Hoskinson's victory lap? Predictable. The real test? Delivering before the crypto hype cycle moves on to the next 'ETH killer.' (Spoiler: Wall Street still thinks this is all Monopoly money.)

Input output secues $71 million funding

Meanwhile, Input Output Global, a company founded by Hoskinson, has received approval to access 96 million ADA, worth around $71 million, from the Cardano treasury.

On Aug. 2, the firm revealed that its funding proposal passed with 74% of community support.

The firm stated that the fund WOULD support upcoming Cardano upgrades, including improvements to scalability through Hydra and Ouroboros Leios, enhanced security with Mithril, and streamlined user interactions via Nested Transactions and Project Acropolis.

Tim Harrison, EVP Community & Ecosystem, said:

“For the first time, core protocol development is being funded directly by the community. This vote of confidence empowers us to MOVE forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem.”

Meanwhile, Intersect, a Cardano community group, will oversee fund distribution.

Input Output has also committed to providing regular updates, including monthly development reports and quarterly financial summaries, to keep the community informed on the project’s progress.