Cardano（ADA）加密貨幣 - 當前狀態和未來Outlook 2025

Cardano是第三代區塊鏈平台，旨在解決早期加密貨幣面臨的可擴展性，互操作性和可持續性挑戰。

Specialized Report: Cardano Crypto – Current State and Future Outlook 2025

專業報告：Cardano Crypto - 當前狀態和未來Outlook 2025

Table of Contents

目錄

Introduction to Cardano

Cardano簡介

Cardano is a third-generation blockchain platform designed to address the scalability, interoperability, and sustainability challenges faced by earlier cryptocurrencies. Launched in 2017 by Charles Hoskinson, one of Ethereum’s co-founders, Cardano operates on a research-driven approach, emphasizing peer-reviewed academic rigor in its development process. The native cryptocurrency of the Cardano network is ADA, which serves as both a digital currency and a means to power smart contracts and decentralized applications (dApps) on the platform.

Cardano是第三代區塊鏈平台，旨在解決早期加密貨幣面臨的可擴展性，互操作性和可持續性挑戰。 Cardano由以太坊的聯合創始人之一查爾斯·霍斯金森（Charles Hoskinson）於2017年推出，Cardano以研究驅動的方法運作，強調了在其發展過程中經過同行評審的學術嚴謹性。 Cardano網絡的本地加密貨幣是ADA，它既是數字貨幣，又是為智能合約和分散應用程序（DAPP）提供動力的手段。

Unlike proof-of-work networks such as Bitcoin, Cardano uses a proof-of-stake consensus mechanism known as Ouroboros, which aims to significantly reduce energy consumption while maintaining robust security. This innovation has positioned Cardano as a leading contender in the race to deliver scalable and environmentally sustainable blockchain infrastructure. The platform’s two-layer architecture—one for value transfer (Cardano Settlement Layer, CSL) and one for smart contracts (Cardano Computation Layer, CCL)—provides flexibility and enhances security for users and developers alike.

與比特幣這樣的工作證明網絡不同，Cardano使用了稱為Ouroboros的商品證明的共識機制，該機制旨在顯著降低能源消耗，同時保持強大的安全性。這項創新將Cardano定位為種族中的主要競爭者，以提供可擴展且可持續的區塊鏈基礎設施。該平台的兩層體系結構（用於價值傳輸（Cardano Settlement Layer，CSL），一個用於智能合約（Cardano Computation Layer，CCL））提供了靈活性，並增強了用戶和開發人員的安全性。

As of 2025, Cardano continues to solidify its role in the decentralized finance (DeFi) and non-fungible token (NFT) sectors. The network has seen a notable increase in on-chain activity, with daily transaction volumes frequently surpassing 100,000 and total value locked (TVL) in Cardano-based DeFi projects reaching over $500 million in early 2025, according to DeFiLlama analytics defillama.com. Major upgrades, such as the Vasil hard fork in 2022 and continued enhancements to Plutus smart contracts, have improved throughput and developer experience, fostering a more vibrant ecosystem cointelegraph.com.

截至2025年，卡爾達諾（Cardano）繼續鞏固其在分散的金融（DEFI）和不可殺菌令牌（NFT）領域的作用。根據Defillama Analytics Defillama.com，該網絡的鏈上活動顯著增加，每日交易量經常超過100,000，總價值鎖定（TVL）在2025年初的DEFI項目中，達到超過5億美元。重大升級，例如2022年的Vasil Hard Fork，以及對Plutus智能合約的持續增強，已改善了吞吐量和開發人員的經驗，促進了更加活躍的生態系統Cointelegraph.com。

Looking forward, Cardano’s roadmap outlines ambitious goals for the next several years. Key initiatives include the further decentralization of governance via the Voltaire era, the integration of sidechains to enhance interoperability, and the introduction of new scalability solutions such as Hydra, which promises to boost transaction capacity to potentially millions of transactions per second as the network matures. These developments, coupled with strategic partnerships and a global expansion of use cases—from digital identity to supply chain tracking—underscore Cardano’s vision of becoming a foundational layer for the decentralized economy of the future.

展望未來，Cardano的路線圖概述了未來幾年的雄心勃勃的目標。關鍵舉措包括通過伏爾泰時代的進一步分散治理，側層的整合以增強互操作性，以及引入新的可伸縮性解決方案（例如Hydra），該解決方案有望將交易能力提高到潛在的每秒數百萬美元的交易，作為網絡成熟。這些發展，加上戰略合作夥伴關係和用例的全球擴展（從數字身份到供應鏈跟踪），cardano成為未來分散經濟的基礎層的願景。

Cardano Blockchain Architecture

Cardano區塊鏈體系結構

Cardano’s blockchain architecture is distinguished by its rigorous scientific foundation and layered design, with adaptability and long-term sustainability at its core. As of 2025, Cardano operates as a third-generation blockchain platform, aiming to surpass earlier blockchains like Bitcoin and Ethereum in scalability, interoperability, and energy efficiency. Built on the Ouroboros proof-of-stake (PoS) consensus protocol, Cardano’s architecture is designed to optimize decentralization and security while maintaining a low environmental footprint. Ouroboros has undergone several upgrades, such as Ouroboros Praos and Ouroboros Genesis, to enhance resilience against attacks and improve network throughput iohk.io.

Cardano的區塊鏈體系結構以其嚴格的科學基礎和分層設計為特色，其核心具有適應性和長期可持續性。截至2025年，Cardano作為第三代區塊鏈平台運行，旨在超越比特幣和以太坊等早期區塊，以伸縮性，互操作性和能源效率。 Cardano的體系結構建立在Ouroboros的共識協議（POS）共識協議上，旨在優化權力下放和安全性，同時保持低環境足跡。 Ouroboros已經進行了多次升級，例如Ouroboros Praos和Ouroboros Genesis，以增強對攻擊的彈性並改善網絡吞吐量IOHK.IO。

The Cardano blockchain is structured in two main layers: the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL is responsible for tracking ownership of ADA, Cardano’s native cryptocurrency, and processing peer-to-peer transactions. The CCL, on the other hand, supports smart contracts, decentralized applications (dApps), and tokenization. This separation allows for more flexible upgrades and improvements to each layer without disrupting the entire ecosystem cardano.org.

Cardano區塊鏈分為兩個主要層：Cardano沉降層（CSL）和Cardano計算層（CCL）。 CSL負責跟踪Cardano的本地加密貨幣ADA的所有權以及處理點對點交易。另一方面，CCL支持智能合約，分散應用程序（DAPP）和令牌化。這種分離允許對每一層進行更靈活的升級和改進，而不會破壞整個生態系統Cardano.org。

Recent architectural enhancements, notably the implementation of Hydra—a layer-2 scaling solution—are projected to significantly boost transaction throughput, potentially reaching over one million transactions per second as the network matures. Hydra empowers developers to deploy “heads” or subnets that process transactions off-chain, alleviating congestion and reducing fees on the main chain. These advancements are crucial as Cardano anticipates increased adoption in decentralized finance (DeFi), NFTs, and real-world asset tokenization throughout 2025 and beyond www.coindesk.com.

最近的架構增強功能，特別是Hydra的實施（一種層2縮放解決方案）預計會顯著增強交易吞吐量，隨著網絡成熟，每秒可能超過每秒100萬筆交易。 HYDRA使開發人員能夠部署“頭”或子網，以處理交易的鏈接，減輕交易，從而減輕交易並減少主鏈的費用。這些進步至關重要，因為Cardano預計在整個2025年及以後的www.coindesk.com中，分散的金融（DEFI），NFTS和現實世界中的資產代幣化的採用量會增加。

Looking forward, Cardano’s roadmap for the next few years includes further decentralization (via the Voltaire governance upgrade), enhanced interoperability through sidechains, and broader integration with traditional financial systems. The platform’s reliance on peer-reviewed research and formal verification continues to attract institutional interest, especially as regulatory frameworks evolve globally. With these architectural innovations and a strong developer ecosystem, Cardano is positioned to remain a significant player in the blockchain space through 2025 and into the following years www.cryptobriefing.com.

展望未來，Cardano在接下來的幾年中的路線圖包括進一步的權力下放（通過Voltaire治理升級），通過Sidechains增強的互操作性以及與傳統金融系統的更廣泛集成。該平台依賴於同行評審的研究和正式驗證繼續吸引機構興趣，尤其是隨著法規框架在全球的發展。憑藉這些建築創新和強大的開發人員生態系統，Cardano有望在2025年到接下來的幾年保持區塊鏈領域的重要參與者。

ADA Token Overview

ADA令牌概述

The ADA token is the native cryptocurrency of the Cardano blockchain, a third-generation decentralized platform that aims to balance scalability, interoperability, and sustainability. As of 2025, ADA remains among the top 10 cryptocurrencies by market capitalization, with a circulating supply exceeding 35 billion tokens out of a maximum capped supply of 45 billion. This fixed

ADA令牌是Cardano區塊鏈的本地加密貨幣，Cardano區塊鍊是第三代分散平台，旨在平衡可擴展性，互操作性和可持續性。截至2025年，ADA仍然是市值的十大加密貨幣之一，循環供應超過350億個令牌，最高上限的供應量為450億。這是修復的