The Cardano blockchain has registered an impressive four million transactions over the past two months. The surge in transactions underscores the increasing activity and interest in the burgeoning network.
Ecosystem expansion and tech advancements
The Cardano ecosystem has experienced substantial growth recently, according to the recent data shared by IOHK.
In December and January alone, eight new projects were launched on the Cardano platform, with seventeen additional projects currently in development. This brings the total to 157 projects that have been launched and 1,320 in the pipeline.
Technological progress is a critical driver of Cardano's growing traction. The number of token policies on Cardano increased by 13,109, with 480,000 new native tokens minted.
Moreover, the development of Plutus scripts, which enable smart contracts on Cardano, saw significant increases. Plutus V1 scripts grew by 81, totaling 6,332, while Plutus V2 scripts expanded by 13,091, reaching a new total of 17,718.
Infrastructure and governance developments
Cardano's infrastructure continues to strengthen with various performance improvements and the introduction of new features such as integerToByteString and byteStringToInteger bitwise operations, set to be included in the upcoming Plutus V3 after the Conway upgrade.
The Voltaire phase of Cardano's roadmap, which focuses on decentralized governance, is gaining momentum.
Meanwhile, Project Catalyst has transitioned into a new phase with the initiation of Fund11 voting.
Godfrey Benjamin
Mushumir Butt
Gamza Khanzadaev
