Cardano’s Hydra shatters 1 million TPS during virtual Doom tournament
Cardano’s Layer-2 protocol Hydra achieved over 1 million transactions per second (TPS) during the Doom gaming tournament, as confirmed by founder Charles Hoskinson. This milestone showcases Hydra's scalability, with game frames processed as transactions. Current TPS is reported at 507, with a peak of over 807,000, significantly surpassing Solana's theoretical maximum of 65,000 TPS. Critics noted that the transactions were part of a testnet simulation, not the mainnet. Hydra aims to enhance Cardano's scalability while reducing costs. Cardano's ADA token has risen over 250% in the past month, reaching a two-year high of over $1.29. The total value locked in DeFi on Cardano is nearing $700 million. The Cardano Foundation emphasizes community-driven governance efforts. As of December 4, 2024, Cardano ranks #8 by market cap at $41.25 billion, with a trading volume of $2.83 billion.
