According to the latest monthly report on Cardano-built projects, their number for August increased to 1,076. At the same time, according to the data, the number of new Cardano-built projects increased by 31, which implies that one new project appeared on the blockchain every day of August.
The number of projects building on #Cardano continues to grow every week! Here's an updated overview of the projects currently tracking (up from 1045 projects last month)… pic.twitter.com/SnwLdiVMMq
— Cardano Feed ($ADA) (@CardanoFeed) September 2, 2022
If you turn to the infographic, it is hard not to notice how much weight NFT projects have in this data. Cardano NFT, or CNFT, is a big market for blockchain and has managed to gain popularity among digital creators for a reason. The cheapness and speed of minting NFT on Cardano, coupled with the same perks that larger competitors have, make blockchain from Input Output an increasingly preferred choice. It has not gone unnoticed by the major celebrities either.
The second largest area of Cardano projects is "Community & Social," which is already more surprising. Drawing an analogy, one would think that Cardano attracts those projects that seek to reach as many people as possible.
The DeFi component in the Cardano-built family of projects is only 2.3% of 1,076, but if you take the broader concept of decentralized finance, with wallets, lending, oracles and stablecoins, the number is clearly higher.
Will trend of building on Cardano continue?
One project a day certainly sounds very nice, but it seems that in the crazy world of cryptocurrencies and blockchain, it is not a limit.
In favor of continuing the trend is the (possible) long-awaited release of Vasil hard fork in September, which should take Cardano to a new level and directly affect the attractiveness of the blockchain for developers.
Alex Dovbnya
Dan Burgin
Vladislav Sopov