Cardano's decentralized applications ecosystem is growing day by day. Following the accomplishment of a crucial milestone, the Input Output Global (IOG) team shared a recap on the specific of its dApps.
Cardano (ADA) hosts 1,017 dApps, NFT products in focus
According to the estimations shared by Cardano's IOG team, the protocol has onboarded 1,017 various decentralized applications to its smart contracts.
There are over 1,000 projects #BuildingOnCardano and the ecosystem continues to grow.— Input Output (@InputOutputHK) June 16, 2022
That’s 1,000+ projects that believe in the Cardano blockchain and its community.
Let’s take a look at why some of these projects are choosing #Cardano. In their own words.
🧵 1/n pic.twitter.com/9N8sJl2IzY
The red-hot NFTs sphere remains in focus for Cardano: 40.2% of protocols belong to the "NFT collections" category, while over 4% are marketplaces for NFTs.
As covered by U.Today earlier today, Cardano (ADA) hosts the first-ever content delivery network for data associated with NFT protocols, NFTCDN.io.
Community apps and social media platforms, developer instruments, gaming platforms and Metaverses are also ranked in the top 5 by the number of active protocols.
Cardano (ADA) may surpass Polygon (MATIC) soon, but what about Ethereum (ETH)?
Other significant categories of dApps on Cardano (ADA) include DeFis, DEXes, stablecoins, wallets, incubators, launchpads and data trackers.
This milestone allows Cardano (ADA) to break into the leaderboard of smart contracts platforms for dApps. According to DappRadar tracking service, Polygon Network (MATIC) is the technical basis for 1,103 protocols.
At the same time, Cardano's rivals, Ethereum and BNB Chain (formerly Binance Smart Chain) are leading in this race with over 3,000 protocols each.