Cardano (ADA) has experienced groundbreaking growth this year, particularly in the smart contracts space. Since launching smart contract functionality, the network has seen an increase of 14,302 smart contracts, an increase of more than 200% since January. This growth marks a significant milestone for the network and a step towards its ultimate goal: beating Ethereum (ETH).
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Cardano is working on the future
The recent Plutus network upgrade, which came shortly after the previous Vasil upgrade, has significantly expanded the network’s capabilities and promises further optimizations. This constant pursuit of improvement highlights the Cardano team’s ambition to compete at the forefront of the crypto industry.
In addition to the impressive growth in smart contracts, Cardano reports significant performance in network activity. With over 80 million total transactions and 9.17 million ADA tokens in circulation, the network boasts a robust and growing ecosystem. There are currently more than 1,300 projects in development, of which 153 have already been launched, showing the vibrant and innovative nature of the Cardano community.
The technology team is not left behind; With the release of the Plutus update and the introduction of Hydra version 0.14.0, they strengthen both the functionality and resilience of the network. These efforts demonstrate an ongoing commitment to scalability, speed and security.
ADA price movements
ADA’s price also continues to impress. The current trading price is around $0.62, with an increase of 0.49% in the last 24 hours, but a significant increase of 53.66% in the last month. In terms of annual growth, it outperforms 65% of the top 100 cryptocurrencies. An impressive growth.
With these impressive developments and continuous efforts to innovate and improve, Cardano stands strong in the dynamic world of cryptocurrencies. The growth of smart contracts combined with strong network performance and positive price movements make ADA a notable player to keep an eye on in 2024.
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