تستهدف Cardano سيولة Bitcoin بصندوق بقيمة 80 مليون دولار لتحقيق هدف DeFi بقيمة 3 مليارات دولار بحلول عام 2030

The Cardano community has officially approved the first tranche of the Orion Fund, a venture-style initiative designed to bridge Bitcoin liquidity into its decentralized finance (DeFi) ecosystem. The governance vote unlocks 50 million ADA from the network's treasury, marking a pivotal shift in how Cardano funds its long-term economic expansion. The approval, which cleared required thresholds from both delegated representatives (DReps) and the Constitutional Committee, takes effect at epoch 624. It initiates a $15 million deployment, which is the first phase of an $80 million total target, managed by blockchain venture firm Draper Dragon, with Draper University acting as an acceleration partner. Unlike the network's existing Project Catalyst, which relies on a grant-based model, the Orion Fund represents Cardano’s first foray into taking direct equity and token positions in ecosystem startups. Why this matters This marks a structural shift in Cardano’s growth strategy. Instead of expanding from within, the network is now targeting Bitcoin’s largely inactive capital base as its primary source of liquidity. Success would materially expand its DeFi footprint. Failure would reinforce concerns that its ecosystem remains too small to compete for cross-chain capital. Bridging a $3 billion gap The fund is the centerpiece of Cardano’s ambitious roadmap to cultivate a $3 billion on-chain economy by 2030. With the network's total value locked (TVL) at around $137 million, the blockchain network developers and community members have acknowledged that purely organic, internal growth is no longer sufficient. Instead, the strategy pivots to “scale asymmetry” by targeting the largest pool of dormant capital in the digital asset space: Bitcoin. A March 2025 report from Binance Research estimated that only about 0.79% of Bitcoin is currently utilized in DeFi applications. Yet, the addressable market for “BTCFi” is massive, potentially reaching $31.9 billion if adoption mirrors the his