Main navigation

Cardano Sets New Milestone in Native Tokens Issued Following On-chain Growth in August

Advertisement
Sat, 3/09/2022 - 14:23
Cardano Sets New Milestone in Native Tokens Issued Following On-chain Growth in August
Cover image via stock.adobe.com

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.

Read U.TODAY on
Google News

The Cardano network has set a new milestone as it has now seen the minting of over six million native tokens. According to the pool.pm data, the number of native assets issued on the Cardano blockchain is presently 6,020,615 with 61,055 distinct minting policies.

The Cardano blockchain can natively generate, interact with and delete custom tokens (or "assets"). The term "native" designates the fact that users may interact with these unique assets out of the box without having to employ smart contracts.

Two years back, Charles Hoskinson, the founder of Cardano, predicted that the ecosystem would grow as there would be "hundreds of assets, thousands of dApps, tons of interesting projects and lots of unique and utility."

Hoskinson revisited the July 2020 prediction as he noted that there were now millions of assets being created on Cardano, as previously reported by U.Today.

Advertisement

According to recent statistics by IOG, currently, 1,082 projects are building on Cardano. A total of 94 projects have been launched on Cardano, while the number of Plutus scripts stood at 3,154.

Cardano records on-chain growth in August

The Cardano Foundation has shared a wrap-up of on-chain data for August. The number of on-chain transactions is up 4.49% to 49.1 million.

As stated earlier, the number of native assets issued on the Cardano blockchain has surpassed six million with 61,055 distinct minting policies. On both fronts, this represents increases of 5.28% and 3.49%, respectively, in the past month. The number of Cardano wallets rose 1.38% in the past month to 3.55 million, while that of delegated wallets rose by 0.68% to 1.18 million. The number of Plutus scripts was likewise up 5.28%.

Related

The Cardano Foundation also shared metrics on Vasil SPO readiness, with 87% of mainnet blocks already created by the Vasil node candidate 1.35.3. As reported by U.Today, Cardano's founder, Charles Hoskinson, gives the expected date for the Vasil mainnet launch as Sept. 22 of this year.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD