Cardano’s hydra scaling solution goes live on mainnet as Ethereum gas fees surge

The archetypal Hydra node compatible with the Cardano mainnet was launched connected May 11, according to developer Sebastian Nagel.

Hydra is simply a layer2 scaling solution designed to amended scalability connected the Cardano blockchain. Its motorboat came aft respective months of testing. According to its technical documentation, the protocol aims to summation transaction velocity done debased latency and precocious throughput and minimize transaction costs.

Nagel noted that the launched Hydra node API was updated to accommodate users’ requests.

Meanwhile, the recently launched Hydra caput is the archetypal of galore heads, each serving arsenic an off-chain mini-ledger for a tiny radical of users. The tools volition efficaciously trim fees and amended transaction velocity connected the network.

Cardano developers tin deploy analyzable decentralized applications connected the blockchain web with this solution.

Other developments connected Cardano

Meanwhile, the Hydra caput motorboat is conscionable different 1 successful the bid of developments connected Cardano since the twelvemonth started. The web has already added a decentralized stablecoin, DJED, and volition person the 5th upgrade connected its roadmap aboriginal this year.

DeFi activities connected the web person steadily risen during the past months. According to DeFillama data, the full worth of assets locked connected the web is presently $140.53 million.

Despite the developments, its token ADA has not seen a important emergence successful value. ADA is trading astatine $0.362 aft expanding 2.6% successful the past 24 hours. However, it is down 10% successful the erstwhile 14 days, according to CryptoSlate data.

Ethereum state fees issues

Ethereum (ETH) is experiencing a monolithic emergence successful state fees — owed to the caller meme coin frenzy holding the crypto market.

The web state fees surged to a 12-month precocious of 87 gwei earlier dropping to astir an mean of 80 gwei, according to Etherscan data.

One trader precocious spent 64 ETH — astir $120,000 — connected state to bargain 13.8 cardinal FOUR tokens worthy $155,000 connected Uniswap decentralized exchange. Several manufacture players point to scenarios similar this arsenic an impediment to the wide adoption of the industry.

The station Cardano’s hydra scaling solution goes unrecorded connected mainnet arsenic Ethereum state fees surge appeared archetypal connected CryptoSlate.