Cardano Allocates $71M for Network Upgrades as Remittix Gains Momentum with 420% Wallet Surge

Cardano’s recent approval of a $71 million treasury allocation for core network upgrades was swiftly overshadowed by developments in the Remittix (RTX) ecosystem. The funding initiative, passed with 74% support in a vote involving 96 million ADA, is intended to support key upgrades such as Hydra for faster transactions and Project Acropolis for improved node architecture. ADA’s price responded positively, rising nearly 3% to $0.74. Daily active addresses on the network have remained around 240,000 since late July, signaling consistent engagement. However, the move has sparked internal debate, with some stakeholders arguing that smaller, more frequent funding votes could improve transparency [1].

While Cardano’s governance structure and funding mechanisms represent a significant step in its Voltaire era, the broader market has pivoted its focus to Remittix’s confirmed product milestones. The project outlined a September 2025 launch for its mobile wallet, which will enable instant crypto-to-bank transfers in 30 countries. Alongside this, Remittix announced plans for listings on tier-1 exchanges, expected to enhance liquidity for RTX holders and draw in institutional capital. The project also launched a $250,000 community giveaway, which contributed to a 420% increase in wallet registrations [1].

Remittix has highlighted several unique aspects of its offering, including deflationary tokenomics, mass-market appeal beyond the crypto community, and the availability of a 40% token bonus for early supporters. It is also among the few projects with tangible product progress before its token generation event, supported by global payout infrastructure already in place. These developments have positioned RTX as a notable entrant in the PayFi sector, with institutional interest growing ahead of its exchange listings [1].

The contrasting timelines of both projects have prompted some investors to consider diversifying their exposure. While Cardano’s funding is a long-term investment in infrastructure, the actual delivery of new features remains months away. In contrast, Remittix offers immediate access to live payment corridors and imminent utility through its wallet and exchange listings. This has led to a strategic shift in portfolio considerations, where balancing Cardano’s roadmap-driven potential with the tangible milestones of projects like Remittix could offer more stable returns in the volatile 2025 market [1].

Despite the growing attention on Remittix, it is important to distinguish between confirmed plans and speculative forecasts. The outlined timeline and features are based on public announcements, but future performance and market reactions remain subject to broader economic and crypto market conditions [1].

Source: [1] Remittix (RTX) Wallet And Upcoming Listing ... (https://timestabloid.com/remittix-rtx-wallet-and-upcoming-listing-announcements-overshadow/)