News

The Number of Cardano-Based Smart Contracts Reaches 1,000.

The overall number of smart contracts on the Cardano ($ADA) network has topped 1,000 for the first time, as the blockchain’s decentralized finance (DeFi) sector expands gradually, with a total value of well over $70 million locked in.

The Number of Cardano-Based Smart Contracts Reaches 1,000.

There are approximately 1,000 Plutus-based smart contracts on Cardano, according to Cardano blockchain insights released on Google’s Data Studio. Plutus, it should be noted, is the “Cardano blockchain smart contract platform” that allows users to “write applications that interact with the Cardano blockchain.”

The price of ADA skyrocketed last year upon the release of the much-anticipated Alonzo hard fork, which introduced smart contracts into the network and let it to compete with other blockchains including as the Binance Smart Chain (BSC), Ethereum (ETH), and Solana (SOL).

The Alonzo hard fork is part of the network’s “Goguen” phase, named after Joseph Goguen, a computer science professor at the University of California, Berkeley, and Oxford. The Goguen epoch follows the Shelley era, during which Cardano became a decentralized blockchain and community members became validators.

The founder Charles Hoskinson has said emphatically that he expects projects like Cardano will be “as ubiquitous as the internet and used by billions” in the future. Last year, the Cardano network dominated the cryptocurrency market in developer activity, with Kusama and Polkadot close behind.

Cardano

MuesliSwap, the blockchain’s first practical decentralized banking tool, was released earlier this month following an under-the-radar sale, and swiftly topped $2 million in total value locked. Weeks after the debut of SundawSwap, a “native, scalable decentralized exchange and automated liquidity provision protocol,” the Cardano network’s load has surpassed 90%. cFund, Alameda Research, and Double Peak Group have all pledged their support for the exchange.

According to CryptoCompare’s latest Asset Report, the number of addresses holding ADA increased in December to a new all-time high of 4 million.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

Coincu News

Victor

Recent Posts

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

48 minutes ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

2 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

3 hours ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

4 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

4 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

5 hours ago

This website uses cookies.