Cardano Celebrates More Than 1,000 Actively Developed Projects on Network
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to the Essential Cardano website that constantly tracks updates around the Cardano network and key metrics of the blockchain, the number of actively developed applications in the ecosystem has reached 1,040, in addition to a variety of other stats that we are going to cover.
Rising number of scripts and applications
The most notable statistics shown on Essential Cardano's infographic is the number of currently developed solutions and applications on Cardano and a spike in the number of Plutus scripts.
Gamza KhanzadaevTwo metrics are strongly correlated, as developers are constantly using the smart contract technology to bring new functions to their applications. With the Vasil hard fork, it is possible to onboard dApps on Cardano and add brand new functions to them.
Besides the large number of projects that are currently being developed, developers launched almost 100 brand new projects on Cardano last week. This is a big milestone for the network that introduced smart contracts technology less than a year ago.
Cardano NFTs on the rise
The biggest rise in the ecosystem is tied to the number of NFT projects on Cardano that saw a massive increase of 6,304 new projects. Thanks to relatively low fees, fast transaction processing and a relatively uncrowded market, Cardano attracts more artists every day that create new collections and NFT-related projects.
Tomiwabold OlajideCardano remains one of the most actively developed networks in the whole cryptocurrency industry, with over 2,500 Github commits in the last week alone. Such a rich development process mainly affects Cardano's fundamental value, which, unfortunately, is not projected in ADA's market performance.
Related articles
Alex Dovbnya
Vladislav Sopov
Dan Burgin