Cardano Sees Surge in Smart Contract Development ๐
Amid a cryptocurrency market downturn following Bitcoinโs new all-time high, Cardanoโs smart contract platform is experiencing a significant increase in smart contract development.
Smart Contracts on Cardano ๐ง
- Data from Cardano Blockchain Insights shows over 170% increase in Plutus scripts
- Nearly 500 new smart contracts added daily
- Total of 39,000 smart contracts on Cardano network
Advancements in Plutus Smart Contracts ๐
- Plutus V2 offers enhanced features for developers
- Reduced transaction sizes and costs
- Flexible and scalable framework
Growth in Cardano Smart Contracts ๐
- 6,447 Plutus V1 scripts, 2.2% increase since January
- 32,897 Plutus V2 scripts, over 300% increase
- Average of 495 new smart contracts added daily
Rise in User Activity on Cardano ๐
- Active wallet addresses hit one-year peak of over 600,000
- Nearly 40% surge in active wallet addresses
Overview of Cardanoโs Network Growth ๐ก
- 297,000 active wallet addresses in September 2023
- Surge in user activity after wider cryptocurrency market rally
Hot Take: Cardanoโs Smart Contract Surge ๐
As Cardano continues to see exponential growth in smart contract development and user activity, the network solidifies its position as a leading platform for decentralized applications. With a focus on security, reliability, and innovation, Cardanoโs future prospects look promising in the rapidly evolving cryptocurrency landscape.
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