Cardano completes the budget cycle at 264 million ADA, IOG takes the lead! Trusted editorial content, verified by leading industry experts and experienced editors. Advertisement The first complete cyclical budget of the Cardano ecosystem has reached its completion point. On August 19, 2025, Intersect — a membership-based organization of Cardano that facilitated this process — announced: "Our ecosystem budget and funding process are now complete... DReps approved ₳264 million for ecosystem funding." In the same statement, Intersect reported that the process began with 194 proposals submitted through GovTool and the Ekklesia vote, was refined off-chain to 40, and ultimately produced 39 on-chain treasury withdrawals — 37 of which surpassed the necessary thresholds.