Cardano’s development update looks bullish, but can it save ADA from bears?

ambcrypto.com:

Cardano’s [ADA] development activity was on a decline after the Valentine upgrade was pushed earlier this month.

However, the situation seems to have changed in the recent past as Santiment’s chart revealed that Cardano’s development activity metric took an upward path after 23 February. Thanks to the efforts put in by the Cardano ecosystem over the last few days. 

Source: Santiment

Read Cardano’s [ADA] Price Prediction 2023-24

Well, Cardano recently published the latest edition of its weekly development report, which highlighted the notable updates that happened in its ecosystem in the last seven days. 

See the full report for complete details on what the IOG dev teams have been up to and get the latest on the development progress ⤵️https://t.co/rlJMyLWXYX

— Input Output (@InputOutputHK) February 24, 2023

As per the report, Cardano’s networking team fixed some issues in the peer-to-peer (P2P) code.

The team also finished the Eclipse evasion design phase, which is essential for Ouroboros Genesis protocol functionality.

To clear the air, the Eclipse evasion implementation is intended to provide an eclipse evasion scheme, which is important for the safety of Genesis.

Apart from this, the team also released an updated set of network packages to be integrated with the Cardano-node master branch.

Moreover, the consensus team examined the system-level benchmark results for UTXO HD, which revealed a substantial performance regression.

While the Daedalus team worked on LedgerJS package updates to ensure efficient support for hardware wallets, the Adrestia team kept working on extending the multi-signature feature