Cardano Sets New Record with 436 TPS in a Single Block

The Cardano network reached a level of 436 transactions per second (TPS) in a single block on October 7. This surpassed the previously recorded level of 345 TPS. Chainspect noted that these two records demonstrate Cardano's capacity to handle high transaction flows. The goal is to increase transaction capacity to 1000 TPS with the Ouroboros Leios protocol. Additionally, Cardano's monthly revenue was recorded at $70,000, showing an increase compared to the previous month. Market analysis platform Santiment reported that social media interest around Cardano has reached its highest levels of the year. New project announcements and institutional integrations have contributed to this increase. The Cardano Foundation announced that its application for the .ada extension has progressed to the next stage in the new general top-level domain program. If approved, this extension is expected to enhance the digital visibility of the Cardano ecosystem. Furthermore, support for the Open Wallet Standard has been moved to the mainnet with version 1.4.3, and the programmable token standard CIP-0113 has also been implemented.

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