The Cardano Foundation has officially launched the public testnet for Ouroboros Leios, codenamed "Musashi Dojo," allowing developers and users to experiment with the scalability-focused protocol. Designed to boost transaction throughput while preserving security and decentralization, the testnet marks a milestone after years of peer-reviewed research.
Musashi Dojo Opened for Community Testing
In the announcement, the foundation confirmed that Musashi Dojo is now accessible. The environment helps identify bugs, optimize performance, and collect real-world data before mainnet deployment. "Years of peer-reviewed research aimed at scaling Cardano can finally be tested by the community," the foundation stated. This phase is expected to strengthen the foundation for decentralized applications (dApps) within the Cardano ecosystem. The Leios protocol focuses on increasing transaction capacity without compromising security or decentralization, and the testnet allows developers to validate these theoretical advantages before mass adoption.
ADA Price Action: Key Resistance at $0.1775
At the time of the news, ADA traded near $0.1668, down roughly 4.5% over 24 hours. The daily chart shows support around $0.1564 and persistent resistance at $0.1775. ADA remains below the 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs), indicating a bearish trend. The 20-day EMA at $0.1687 serves as near-term resistance, while the 50-day EMA at $0.1851 is the next important level. Buyers briefly pushed the price toward $0.17 but sellers regained control, dragging ADA back to $0.1668. Rising volume during the recent bounce suggests increased market participation, though selling pressure still dominates.
Derivatives and On-Chain Data: Open Interest Tops $500M
Data from CoinGlass shows Cardano's open interest in futures markets has exceeded $500 million and remains elevated, indicating that traders are willing to hold positions despite volatility. According to DeFiLlama, total value locked (TVL) on the Cardano network has stayed relatively stable, showing no major deterioration in on-chain activity. Analysts note that while the Leios testnet may bolster Cardano's long-term outlook, buyers must reclaim the $0.1775 resistance in the near term for a decisive upward move. A daily close above $0.1775 could strengthen short-term sentiment, while a drop below $0.1564 support would likely accelerate selling pressure.