#
Title / Purpose
Amount (₳)
Category
Capex/Opex
1
2025 IOG Core Engineering Proposal
96,817,080
Protocol R&D (Plutus, Hydra, Mithril, Node, Incentives)
CAPEX
2
Catalyst 2025 Proposal (IOG)
69,459,000
Funding Infrastructure & Community Innovation
CAPEX
3
Input Output Research (IOR) – Work Program 2025
26,840,000
Research & Development
CAPEX
4
Intersect MBO Funding
15,750,000
Ecosystem Organization & Governance
OPEX
5
Cardano Builder DAO
12,000,000
Governance / Ecosystem Growth
CAPEX
6
Tweag Core Infrastructure Projects
11,070,323
Protocol R&D & Core Infrastructure
CAPEX
7
Global Events Marketing Strategy
6,000,000
Community / Marketing
OPEX
8
Cardano Summit 2025 & Regional Tech Events
6,000,000
Community / Ecosystem Growth
OPEX
9
OSC – Paid Open Source Model
5,885,000
Governance / Human Capital (funding OSS contributors)
OPEX
10
Expanding Stablecoin & Fiat Ramp Support
4,000,000
Infrastructure / DeFi
CAPEX
11
Ecosystem Exchange Listing & Market Making
3,126,000
Market Infrastructure
OPEX
12
Midgard – Optimistic Rollups
2,162,096
Layer-2 Infra
CAPEX
13
Amaru Node (Rust Alternative Node)
1,500,000
Core Infrastructure (alt node)
CAPEX
14
Blockfrost Platform
1,300,000
Developer Infrastructure (API)
OPEX
15
zkFold – ZK Rollup
1,161,000
Layer-2 Scalability / Research
CAPEX
16
Cardano Ecosystem Pavilions at Exhibitions
889,500
Community / Marketing
OPEX
17
Product Committee
750,000
Research/Development/Community
OPEX
18
ZK Bridge
700,000
Interoperability Infrastructure
CAPEX
19
Scalus (DApp Dev Platform)
657,692
Developer Platform
CAPEX
20
Native Asset CDN
605,000
Developer Infrastructure
CAPEX
21
Maestro – Web3 Developer Stack for BTC<>ADA
600,000
Infra + Cross-chain Integration
CAPEX
22
Beyond MVG (Governance Research & Metrics)
592,780
Governance R&D
CAPEX
23
Eternl Wallet Maintenance
583,000
Wallets & User Access
OPEX
24
Gerolamo – Cardano node in TypeScript
578,571
Alternative Node / Dev Infra
CAPEX
25
Hardware Wallets Maintenance
424,800
Wallets / Security
OPEX
26
PyCardano – Python SDK Maintenance
314,800
Tooling / Developer Libraries
CAPEX
27
Ledger App Rewrite
300,000
Wallets & Hardware Security
CAPEX
28
Cexplorer.io 266,667
Blockchain Explorer / Developer Tool
CAPEX
29
MLabs – Plutarch Maintenance
243,478
Smart Contract DSL Maintenance
CAPEX
30
UTxO RPC – Sustaining Integration Standard
220,914
Infra Standardization
OPEX
31
Pallas – Rust Tooling
220,914
Developer Tooling (Rust libs)
OPEX
32
Dolos Lightweight Data Node
220,914
Developer Infrastructure (lightweight node)
CAPEX
33
AdaStat Explorer
212,000
Infrastructure Tooling (Explorers)
CAPEX
34
OpShin – Python Smart Contracts
199,911
Tooling / Smart Contracts
CAPEX
35
Lucid Evolution Maintenance
130,903
Dev Tooling (off-chain SDK)
OPEX
36
MLabs Research – Tooling for Elliptical Curves
104,347
Tooling / Cryptography
CAPEX
37
BloxBean Java Tools Maintenance and Enhancement
99,600
Java libs & tooling upkeep (Yaci, DevKit)
OPEX
38
MLabs – Cardano.nix Maintenance
45,217
Tooling Maintenance (infra devops)
OPEX
₳272,887,407
what are your thoughts on this budget spending ? Will drop my research below soon
2 Likes
Thanks for sharing this detailed breakdown Dear Gintama
My concern is that if the ₳272M budget is financed directly from the on-chain treasury , it could create significant inflationary pressure on ADA. A large portion goes to IOG and Catalyst without clear ROI metrics, while key adoption drivers like stablecoins, fiat ramps, and wallet infrastructure seem underfunded.
Cardano should prioritize real adoption levers over bureaucracy and events , otherwise this spending risks diluting holders instead of strengthening the ecosystem.
2 Likes
Vous faites un excellent constat… Et puis, il est clair que tout est déjà ratifié et ces dépenses sont déjà adoptées, à moins que je ne me trompes, les retraits ont déjà commencé !
En revanche, je suis d’avis avec vous @Mauricio_Sebastian_G … À cela, je suis impatient de voir les recherches que va mener monsieur @gintama à ce sujet, peut être qu’il y aura un peu de clarté !
1 Like
Thank you for your thoughts , here is my research and a follow up for 2026 .
Thank you for your thoughts and here is the follow up survey result
.