Cardano blockchain surpasses 30 million transactions milestone

The fig of astute contracts moving connected the Cardano blockchain has been increasing rapidly since the motorboat of the Alonzo hard fork successful September 2021, which for the archetypal clip enabled the web to process astute declaration code. The fig of astute contracts connected Cardano reached 1,000 astatine the extremity of January, and the fig of transactions has followed that trend.

It whitethorn suffice to comparison these numbers to Ethereum, the largest astute declaration platform, wherever the fig of astute contracts has grown by adjacent to a cardinal since September. The fig of deployed astute contracts connected Ethereum peaked successful June past twelvemonth astatine 2.5 cardinal contacts deployed successful that period alone. Of course, Ethereum has had respective years of improvement to scope these levels.

Number of wallets comfortably supra 1.1 million

The Cardano blockchain has present processed implicit 30.4 cardinal transactions arsenic the fig of regular progressive addresses connected the web varies betwixt 150,000 and 200,000, according to Cardano blockchain insights shared connected Google’s Data Studio.

According to the aforesaid information source, the fig of Cardano wallets is connected the emergence and the full fig of wallets is present good implicit 1.1 million. At the aforesaid time, the percent of staked ADA, the autochthonal token of Cardano, is dilatory going down but is inactive good implicit 70%.

The marketplace terms of the ADA token is present fundamentally backmost astatine the $1 level arsenic it was a twelvemonth ago. The ADA token peaked astatine conscionable implicit $3 astatine the clip of the Alonzo hard fork which allowed the web to vie with different astute declaration blockchains specified as  Binance Smart Chain (BSC), Ethereum (ETH), and Solana (SOL). The ADA token has dropped 61.3% since the all-time-high connected the 2nd of September past year. The ADA token ranks astatine fig 7 successful full marketplace headdress astatine $38.3 billion.

DeFi is expanding connected Cardano

Since the motorboat of the Alonzo hard fork, portion of the network’s “Goguen” era, named aft Joseph Goguen, an American prof of machine science, and the instauration of astute contracts, a fig of decentralized concern (DeFi) applications person been calved connected the network, astir notably the decentralized exchanges SundaeSwap (SUNDAE) and MuesliSwap. The Total Value Locked (TVL) connected Cardano’s DeFi dApps is reaching $100 million, the bulk of which are locked successful SundaeSwap.

The activities connected these DeFi applications person had immoderate effects connected the network’s load, surging to supra 90% of the capacity. This has, successful turn, led Cardano developers, IOHK, to suggest an summation of the artifact size by 11%, from 72kB to 80kB. This surge came weeks aft the motorboat of MuesliSwap, the archetypal usable DeFi exertion connected Cardano.