Cardano adds almost 10,000 smart contracts in 2023 #Cardano #cardanofeed #ADA #crypto #cardanocommunity #bitcoin #CoinMarketCap #blockchain #cryptocurrency #CardanoADA #btc $ADAhttps://t.co/SY6iWWP9DN
— Cardano Feed ($ADA) (@CardanoFeed) December 26, 2023
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Crypto: Cardano Smart Contract Adoption Soars
Wed 27 Dec 2023 ▪
3
min read ▪ by
Getting informed
▪
Once again, the Cardano crypto firm is making headlines for its performance. This time, it’s the record adoption of smart contracts powered by the blockchain that is drawing attention. Since the beginning of the year, the number has almost tripled. An additional sign of the dynamic momentum of this crypto ecosystem.
Cardano’s Smart Contract Adoption Rate Exceeds 200%!
The Cardano crypto firm has witnessed a remarkable increase in smart contract adoption this year. Plutus, Cardano’s smart contract platform, now hosts an impressive number of 14,302 smart contracts as of December 26, 2023.
On January 1st of the same year, Plutus hosted exactly 4,731 smart contracts. This result, therefore, represents at the very least, a substantial growth of over 200 %, marking an important milestone in the evolution of the Cardano blockchain.
This notable 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 can be credited to the team responsible for Plutus. Indeed, their commitment to continuous improvement has facilitated a smooth transition as other teams prepare for the release of version 9.0.
Cardano, a Platform with Robust Growth
According to statistical data, the Cardano crypto platform is exhibiting overall robust growth. This is evidenced by the total number of ADA transactions, the native crypto of Cardano, reaching around 80 million.
ADA holdings have also not lagged, reaching a total of 9.17 million. It appears that Cardano is a hive of operations, supporting more than 1,300 projects under development, with 153 already launched.
More specifically, ADA shows an equally remarkable performance. The crypto is currently trading around $0.61, up by 0.72 % in the last 24 hours for an impressive gain of 53.66 % over the past month.
The advancements Cardano has made in the adoption of smart contracts, coupled with its positive performance in the market, highlight its growing importance. But more importantly, its competitiveness in the particularly dynamic crypto industry, whose resurgence is anticipated by many analysts in the coming months.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.