The final development report for 2025, dated December 12, highlights the approval of the Pyth Lazer oracle integration and Serviceplan Group joining Intersect as an enterprise member. The consensus team completed LSM-tree work, slated for integration in node v.10.7. Mithril made progress on its SNARK-friendly STM library and Bitcoin DeFi prover prototype. In governance, a critical vote is underway to restore the Constitutional Committee to full capacity, while Project Catalyst Fund15's community review period closes on December 15. The Midnight Redemption portal is live, and the NIGHT token is now trading on exchanges like Kraken.

The December 5, 2025, development report highlights several key updates across the Cardano ecosystem. The ledger team finalized the Haskell definition and CDDL specification for nested transactions. Lace wallet v.1.32 was released, featuring a new notification center and allowing Midnight Foundation updates for NIGHT token holders. In scaling, the Hydra team released v.1.2.0 and implemented the 'SafeClose' feature, while Mithril advanced its SNARK-friendly STM library and aggregator discovery mechanism. Project Catalyst Fund15 moved into the community review phase with 761 proposals submitted. Additionally, Intersect hosted its 2025 Annual Members' Meeting in a virtual hub spanning 23 hours.

The November 28, 2025, development report highlights the launch of the Leios development tracker by IOG, offering a consolidated view of the protocol's global progress. The networking team focused on Cardano node v.10.6, resolving cardano-tracer issues and preparing for P2P-only networking. Project Catalyst Fund15 proposal submissions closed on November 27, with the review period starting December 2. In governance, Intersect's 24-hour annual members' meeting is set to begin on November 29 in the Virtual Hub.

The November 21, 2025, development report highlights a mainnet chain partition caused by a malformed transaction, which was resolved with hotfix node v.10.5.3. The ledger team defined sub-transactions for the Dijkstra era, while the Plutus team finalized costing for Value primitives for the upcoming hard fork. Lace v.1.31 was released with in-wallet token swaps and Bitcoin wallet support. Mithril completed the first phase of decentralizing configuration parameters.

The November 14, 2025, development report highlights the consensus team addressing 'bufferbloat' issues from the Leios demo and enhancing resource management. Scaling updates include Mithril releasing hotfix 2543.1 and Hydra improving partial fanout and introducing 'SafeClose' safety features. Intersect announced election results with high turnout. Project Catalyst Fund15 launched, introducing a new "Midnight: Compact DApps" category alongside three Cardano-focused funding tracks. The education team is conducting a developer course in Buenos Aires.

The November 07, 2025, development report highlights the Plutus team's hosting of UPLC 2025 and the addition of a new scaleValue primitive for the upcoming intra-era hard fork. Scaling updates include Mithril's release of distribution 2543.0 with enhanced database restoration and the Hydra team's v1.1.0 release. Intersect committee election voting concluded, with results expected on November 14. Ecosystem news features the Ouroboros Phalanx upgrade and a new Compact DApps category for Catalyst Fund15.

The October 31, 2025, development report highlights the Hydra v1 announcement, marking the protocol as production-ready. The ledger team also finalized CIP-118 (nested transactions/Babel fees). IOG published a deep dive on Ouroboros Phalanx, a mechanism to deter grinding attacks, and the consensus team showcased a Leios prototype. Intersect committee elections are underway, and Project Catalyst Fund15 is set to launch on November 5.

The October 24, 2025, development report highlights ecosystem growth to 2,014 projects and the Cardano Foundation's plan to apply for .ada and .cardano gTLDs. Wanchain launched a bridge to Sonic. The Mithril team advanced incremental snapshots and configuration decentralization. Intersect committee election voting is set to begin October 27, and Project Catalyst announced Fund15 will launch on November 5.

The October 17, 2025, 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 October 10, 2025, development report highlights steady ecosystem growth, with transaction volume reaching 114.56 million and an increase in active DReps. The IOG team concluded its Asia tour in Tokyo. Yoroi wallet launched v6.0, integrating DexHunter and Minswap. Additionally, Midnight Network partnered with CSWAP to develop privacy-first DeFi solutions, and the Hydra-node v1.0.0 pre-release is now available on GitHub.