Cardano, a platform known for smart contracts and as a competitor to Ethereum, is currently transitioning and preparing for its next phase, Voltaire, after successfully completing Basho.
During Basho, developers focused on scaling and performance enhancements. A crucial part of this transition is the full activation of the Chang hard fork.
Despite these developments, Cardano's native token ADA has seen a significant decline, dropping 60% over the past five months.
