The development report highlights the Hydra team's release of version 1.0.0. The consensus team advanced the Leios CIP, while the performance team benchmarked node v.10.6 and the LSM-tree backend. The Plutus team finalized the implementation of CIP-0153, introducing the Value built-in type. In the ecosystem, Project Catalyst Fund14 voting concluded, and the Cardano Foundation launched its Summit 2025 PR campaign.

The ecosystem has reached 114.56 million transactions and an increase in active DReps, while the Asia tour concluded in Tokyo. Yoroi v6.0 launched, integrating DexHunter and Minswap. Additionally, Midnight Network partnered with CSWAP for privacy-first DeFi solutions, and the Hydra-node v1.0.0 pre-release is now available.

Progress continues on CIP-112 and features for the next intra-era hard fork. The first fully community-elected constitutional committee is now in place, and the Mithril team has updated the DMQ protocol CIP. Additionally, Yoroi Extension v.5.13.0 has been released, alongside new partnerships for Sundial Protocol and Midnight Network.

The consensus team is auditing the KES agent and refactoring the hard fork combinator for Peras-awareness. The Plutus team is enabling sums-of-products and built-in functions for the upcoming intra-era hard fork. Meanwhile, IOG and zkFold have partnered for a trustless ETH-Cardano bridge, and Minswap's "Wen" token generator is now live.

The consensus team drafting an architectural design for Leios (CIP-0164). The Plutus team progressed on implementing the Value built-in type (CIP-0153) and merged multi-scalar multiplication primitives for the next hard fork. In scaling, the Mithril team created a new pre-release, supported Cardano node v.10.5.1, and completed a SNARK proving circuit prototype. IOG also kicked off its 2025 Asia tour.

The ledger team's progress on CIP-112 and features for the next intra-era hard fork. A major Voltaire milestone was reached with the first fully community-elected constitutional committee now in place. In scaling, the Mithril team updated the DMQ protocol CIP. Ecosystem news includes the release of Yoroi Extension v.5.13.0 and new partnerships for Sundial Protocol and Midnight Network.

The development report highlights the consensus team's work on the first public draft of the Leios CIP, LSM-tree support, and KES agent integration. The Plutus team improved the evaluator and deserializer and added support for built-in units and pairs. In ecosystem news, MLabs launched feeswap.io, the Cardano Foundation rebuilt the Developer Portal, and World Mobile Chain's $WMTX token began trading on KrakenFX.

The ledger team is focused on enforcing stake pool VRF key uniqueness and integrating Plutus V4 into the Dijkstra era. Plutus Core has added support for built-in lists, while Midnight partnered with Copper for institutional custody of the NIGHT token. Additionally, the Governance Education Working Group has launched, and the Halo2-Plutus verifier is now available to support on-chain zero-knowledge proofs, primarily for the Midnight-Cardano zk-bridge.

The development report highlights the Lace wallet v.1.26 release, which includes performance improvements and bug fixes. The consensus team focused on LSM-tree backend integration and continued Leios prototyping. The Mithril team completed the mock DMQ node implementation, and ecosystem growth reached 2,008 projects. Midnight announced a partnership with Block-rewards, and Liqwid Labs launched a new UI.

The development report highlights the ledger team beginning work on CIP-112, known as 'Required Guards,' and refactoring the stake pool state. The performance team released benchmarks for Cardano node v.10.5. On the scaling front, the Leios team advanced its CIP documentation and demonstrated Linear Leios performance under various Plutus workloads, resolving key simulation discrepancies.