Once again, the crypto firm Cardano is making headlines in terms of performance. This time, it is the record adoption of smart contracts powered by blockchain that is attracting the spotlight. Since the start of the year, the latter has almost tripled. A further sign of the tremendous dynamism of this crypto ecosystem.
Smart contract adoption rate at Cardano at over 200%!
Crypto firm Cardano has witnessed a remarkable increase in smart contract adoption this year. Plutus, Cardano’s smart contract platform now hosts an impressive 14,302 smart contracts as of December 26, 2023.
At 1er January of the same year, Plutus hosted exactly 4,731 smart contracts. This result therefore represents, at a minimum, a substantial growth of more than 200%, marking an important step in the evolution of the Cardano blockchain.
This remarkable increase is not a coincidence. It is attributed to intensive development efforts. In particular, the introduction of the Plutus V2 Cost Model network upgrade, which aims to increase the capacity of scripts.
Furthermore, this increase is to the credit of the team responsible for Plutus. Indeed, its commitment to continuous improvement has facilitated a smooth transition as other teams prepare for the 9.0 release.
Cardano, a robust growth platform
According to statistical data, the Cardano crypto platform is showing robust growth overall. This is evidenced by the total number of transactions in ADA, Cardano’s native crypto, which reached the level of 80 million.
ADA assets are not left out since their total reached 9.17 million. It appears that Cardano is a hive of activity. It has more than 1,300 projects under development, with 153 already launched.
More specifically, the ADA displays an equally remarkable performance. The crypto is currently trading around $0.61, up 0.72% over the past 24 hours for an impressive gain of 53.66% over the past month.
Cardano’s progress in smart contract adoption, coupled with its positive market performance, highlights its growing importance. But above all its competitiveness in the particularly dynamic crypto industry, whose resurgence in the coming months is envisaged by many analysts.
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