Key Points:
The Cardano smart contract functionality, in particular, experienced the largest growth rate compared to 2021 at a rate of 394%, reaching the milestone of 4,445 as of December 16.
Notably, the platform’s smart contracts went online after the Vasil hard fork upgrade. After initial worries over Vasil’s effect on the feature, the growth rate of smart contracts may be considered impressive.
In this instance, the neighborhood believed that the upgrade would impair the functionality of the smart contract. Charles Hoskinson, the founder of Cardano, explained as a result that the team had made the required preparations to make sure that smart contracts were compatible with the changes.
The platform’s native tokens experienced the second-highest growth rate, at 192%, reaching the 7.3 million milestones. The number of ADA transactions reached 56.9 million in 2022, an increase of 139%, and the number of wallets reached 3.8 million, an increase of 47%.
Additionally, the platform’s delegated wallets increased by 27% to 1.27 million, while 66,950 policies were added to the network.
According to data, Cardano smart contracts continue to be the market category with the quickest growth rate, positioning Cardano to become one of the potential Ethereum rivals.
Hoskinson previously criticized Coinbase, a cryptocurrency exchange, for failing to include ADA in its forecast for the crypto market in 2023. Hoskinson thought it was pretty sad that ADA wasn’t included.
At the time of writing, ADA is trading at $0.2594.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
BTFD Coin is offering a chance to relive the glory days of meme coin investing,…
Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…
Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…
This website uses cookies.