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Cardano Celebrates More Than 1,000 Actively Developed Projects on Network

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According to Essential Cardano website that constantly monitors updates on the Cardano network and key blockchain metrics, the number of actively developed applications in the ecosystem has reached 1040, in addition to a host of other statistics that we are about to review.

Growing number of scripts and applications

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The most notable statistic shown in the Essential Cardano infographic is the number of Cardano solutions and applications currently developed and the surge in Plutus scripts.

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The two metrics are closely related as developers are constantly using smart contract technology to add new features to their applications. With the help of the Vasil hard fork, you can connect dApps to Cardano and add completely new features to them.

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In addition to the large number of projects that are currently in development, developers have launched almost 100 brand new projects on Cardano last week. This is a major milestone for the network, which implemented smart contract technology less than a year ago.

Cardano NFT on the rise

The biggest growth in the ecosystem is due to the number of NFT projects on Cardano, which saw a significant increase of 6,304 new projects. With relatively low fees, fast transaction processing, and a relatively sparse market, Cardano attracts more and more artists every day who create new NFT-related collections and projects.

Cardano ‌still remains one of the fastest growing networks in the entire cryptocurrency industry, with over 2,500 commits on Github in the last week alone. Such an intense development process mainly affects the fundamental value of Cardano, which, unfortunately, is not reflected in the market performance of ADA.



Credit : u.today

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