The Cardano Foundation, a non-for-profit organization that develops and supports the Cardano Network, said it spent $ 22.1 million in its three major places last year, a 15% increase from 2023.
Money is allocated to adoption, running resilience and education, according to the report, available to view On-chain by Cardano Foundation’s Reeve tool. That is from $ 19.22 million The year before.
Assets rose to $ 659.1 million amounts of crypto from $ 478.24 million as crypto prices increased. The price of bitcoin
It is now worth about 15% of its holdings, climbing nearly 120% in 2024 as ADA added 42%. The ADA component of the assets dropped to 77% from 83%, according to the report.
“The foundation’s main income stream came from staking rewards, which in 2024 reached 17.1 million ADAs from 599.2 million ADA holdings – a return of 2.7%,” the company said. “Importantly, the delegation strategy prioritizes stake pools that make sense to the ecosystem, strengthening the role of the foundation as a responsible participant in Cardano’s decentralized infrastructure.”
In 2024, the foundation provided more than half of its expenditure – $ 15 million – to adoption initiatives. These efforts include cooperation with organizations such as NASA, Barcelona FC, and the United Nations Development program, which aims to expand the applications of the real -world Cardano world.
Resilience operation has received $ 3.8 million, funding enhancements such as launching an open-source Cardano.org platform and the introduction of inter-blockchain communication protocols, which connects Cardano to more than 115 blockchain.
The organization works more than 100 people by the end of the year.
“As stewards of an open-source ecosystem that builds up for the long-term future of the blockchain, we acknowledge that sharing not only our accomplishments but also how we allocate resources is primarily in developing trust and ensuring long-term success,” Frederik Gregaard, the CEO of Foundation, told CoinDesk.
