Cardano Sets Voting Record: Nearly 100% Of 4.6 Billion ADA Cast Via Delegates
Cardano's recent governance vote saw a record turnout, with 99.5% of 4.657 billion ADA in delegated stake participating. Of the votes cast, 76% (3.57 billion ADA) supported the proposed measure, while 918 million opposed it and 169 million were no-confidence votes. Only 0.5% of the delegated stake abstained from voting. This event marks a significant milestone in Cardano's "Voltaire governance era." The network employs a "liquid democracy" model, allowing ADA holders to delegate their voting power to Delegated Representatives (DReps) while retaining control over their funds. DReps vote on various proposals, and the governance system became fully operational after the Plomin hard fork in January 2025. ADA holders can vote directly, delegate power, abstain, or issue no-confidence votes, with unchanged staking rewards for non-participants. The high turnout reflects community acceptance of Cardano's governance model. ADA was trading at $0.72, up 15% over the past week.
