Crypto: Cardano (ADA) results in July

While waiting for the advent of the Vasil hard fork, the Cardano Foundation is increasing its releases to promote the innovative characteristics of its blockchain. She has just shared the latest monthly statistics of the network which show that it is in full expansion. Details in the following.

Figures illustrating the mass adoption of Cardano

Compared to the previous month, the majority of statistics on chain of Cardano saw a rise in July. In particular, transactions carried out on the network increased by 4.9% to reach the impressive total of 47 million. Renowned for its security and cheaper fees, Cardano saw the launch of 5.7 million native assets last month. This represents a rise of 6.34% from the previous monthly record set in June. The number of wallets hosted on the network has meanwhile increased by 2.27%. It reached a total of 3.5 million.

However, the number of delegated wallets on Cardano only increased by 0.34% to 1.17 million. In addition, the network has also experienced a new record of 2,993 Plutus scripts in July on the back of a 4.76% increase. The increase in Cardano’s monthly statistics suggests that the blockchain is becoming more popular. This justifies the efforts of Input Output Global which has devoted enormous resources to the development and security of the blockchain. It has just taken a new step towards interoperability.

Connection with Cosmos

In order to accelerate the expansion of its ecosystem, Cardano has decided to connect its network to that of Cosmos. Thereby, a bridge powered by Sifchain and Peggy 2.0 now connects the two blockchains. It will allow their respective users to access new features. Added to this is access to better liquidity markets as well as decentralized governance protocols. All this should, to some extent, calm the Cardano community which is impatiently awaiting the advent of the hard fork Vasil.

Like statistics on chain of Cardano, the network’s native cryptocurrency, ADA, has also seen an increase of more than 10% over the last 30 days. These more than positive numbers bode well for blockchain adoption as it approaches its biggest update ever.

Source : LinkedIn

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