Cardano’s scaling protocol Hydra has achieved a major milestone by surpassing the 1 million transactions per second (TPS) threshold. This impressive feat was demonstrated during the latest Doom gaming competition, where Hydra showcased its scalability by breaking the 1 million TPS mark, making it one of the fastest protocols in the crypto ecosystem. Cardano itself is already known for its fast layer-1 network, and the introduction of the Hydra Head further enhances its scalability.
The Cardano team launched the 90’s FPS game Doom on Hydra in August, with each frame of the game representing a transaction on the protocol. As the tournament progressed, Hydra’s transaction capabilities continued to grow, culminating in the protocol surpassing 1 million TPS with over 25,000 concurrent players. This achievement defied earlier claims that the protocol could not reach such high transaction speeds, proving its efficiency and scalability.
While Hydra’s new record was achieved in a gaming test, it serves as a testament to the protocol’s theoretical throughput, which will be further tested in real-life simulations with users transacting on it. The impressive TPS of Hydra coincided with a surge in on-chain activities within the Cardano ecosystem, as indicated by a notable increase in unique active addresses. This spike in user participation has also contributed to a bullish trend in Cardano’s price, with analysts predicting further upticks in the future, possibly reaching $10.
Benjamin Cowen, a popular figure in the crypto community who correctly predicted a drop in ADA price, highlighted the positive developments in the Cardano ecosystem, particularly the growth in active addresses. The chart shared by Cowen shows a significant increase in the number of unique wallets participating in activity on the Cardano network, surpassing 100,000. This uptick in user engagement has had a positive impact on Cardano’s price, which recently surged to a multi-month high before retracing to a slightly lower level at press time.
Overall, the milestone achieved by Hydra in surpassing 1 million TPS showcases Cardano’s continued commitment to improving scalability and efficiency within its network. The protocol’s performance in a real-world gaming competition highlights its potential for accommodating high transaction volumes while maintaining speed and security. The increase in unique active addresses on the Cardano network is a clear indication of growing user participation, which bodes well for the platform’s future growth and price potential. With analysts forecasting further price upticks for Cardano, the ecosystem is poised for continued success and expansion in the coming months.
