Cardano Releases Upbeat On-Chain Statistics For September

Cardano is releasing some on-chain data as the first month of fall comes to an end. The data presented shows that transaction volumes increased by 51.3%, metadata increased by 23.6%, and smart contract usage increased by 11% with metadata and 14% without.

ADA Releases Upbeat On-Chain Statistics For September

More specifically, there were 51.2 million transactions, an increase of 4.2% from August. The total number of wallets climbed by 1.34% at the same time as the proportion of wallets using ADA for staking rose by 3.4%.

As a result, 1.22 million of the 3.6 million ADA wallets are currently actively participating in staking and supporting the network’s operations. Input Output formerly offered statistics affecting the number of Cardano-based projects in addition to this information. It states that there are currently 1,113 projects on blockchain, 100 of which debuted in September. More than 6.1 million tokens, 3,307 scripts, and 62,162 token policies are part of the Cardano ecosystem.

The Cardano era is approaching

ADA Releases Upbeat On-Chain Statistics For September

Soon after the Vasil hard fork, which took place in the final weeks of September, became well-known in the cryptocurrency community, Charles Hoskinson began referring to a new era in the history of blockchain technology called the Voltaire age.

The introduction of the following technologies, according to the founder of Cardano, will demonstrate proper decentralized governance to everyone. By the end of the following year, when Cardano as a project will be six years old, the following phase is anticipated to be put into practice.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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