Logo
Cardano Ecosystem
Bitcoinworld

02/11/2022

·

9.5K views


Cardano ($ADA) Network Hits New High With 30 Million Transactions

The Cardano ($ADA) network has already handled over 30 million transactions, a significant milestone that comes after the network’s total number of smart contracts surpassed 1,000 for the first time. According to Cardano blockchain insights released on Google’s Data...

Cardano ($ADA) Network Hits New High With 30 Million Transactions

The Cardano ($ADA) network has already handled over 30 million transactions, a significant milestone that comes after the network’s total number of smart contracts surpassed 1,000 for the first time.

According to Cardano blockchain insights released on Google’s Data Studio, the Cardano network has now executed over 30.4 million transactions. Also, with between 150,000 and 200,000 daily active addresses.

The Cardano blockchain, for example, has seen approximately 900,000 transactions in the first eight days of this month.

Last year, the price of ADA skyrocketed after the Alonzo hard fork, which introduced smart contracts to the network. Then, and allowed it to compete with other blockchains like the Binance Smart Chain (BSC), Ethereum (ETH), and Solana (SOL).

The Alonzo hard fork is part of the network’s “Goguen” era, which has its name after Joseph Goguen. That’s, a computer science professor at the University of California and Oxford. After the Shelley phase, when Cardano became a decentralized blockchain and community members became validators, the Goguen age began.

With the introduction of smart contracts, a decentralized finance (DeFi) industry arose, with almost $100 million in total value locked. Then, the majority of which is held on the decentralized exchange SundaeSwap (SUNDAE).

The 30 million transaction milestone comes after Cardano developer Input Output advocated raising the network’s block size by 11%, from 72 to 80 KB, when the network’s load exceeded 90%.

The pressure on the cryptocurrency’s network began to increase between January 14 and 15. That’s, weeks following the debut of MuesliSwap, the network’s first practical DeFi application. Also, which went online after executing an under-the-radar offering. Then, and quickly reached over $1 million in total value locked in two days.

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on Bitcoinworld

ORIGINAL SOURCE

https://bitcoinworld.co.in/cardano-ada-n...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Bitcoinworld

Cardano (ADA) to be launched on 25th August and get Listed in Japan
Bitcoinworld

Cardano (ADA) to be launched on 25th August and get Listed in Japan

08/19/2021

·

69.8K views

Cardano ($ADA) Is Rated A Top Crypto Project Via “Technology Development”

Cardano ($ADA) Is Rated A Top Crypto Project Via “Technology Development”

09/14/2022

·

17.6K views

Whale transactions on Cardano reached a four-month high

Whale transactions on Cardano reached a four-month high

05/14/2022

·

17.6K views

Cardano Nears 700,000 Users, a Major Milestone

Cardano Nears 700,000 Users, a Major Milestone

05/17/2022

·

17.6K views

Related News

Bashoswap, a Cardano DEX & Launchpad, Launches Private Sale Whitelist
Cardano Feed

Bashoswap, a Cardano DEX & Launchpad, Launches Private Sale Whitelist

03/22/2022

·

222.8K views

Cardalonia On A Mission To Become The Sandbox Of Cardano Ecosystem, Shares First Look Of Their Metaverse Map
Bitcoinethereumnews

Cardalonia On A Mission To Become The Sandbox Of Cardano Ecosystem, Shares First Look Of Their Metaverse Map

08/18/2022

·

140.1K views

MuesliSwap, first DEX on Cardano mainnet, approaching 50k Smart Contract interactions

MuesliSwap, first DEX on Cardano mainnet, approaching 50k Smart Contract interactions

12/19/2021

·

94.7K views

Cardano Feed launches real-time news integration about Cardano with Google News

Cardano Feed launches real-time news integration about Cardano with Google News

11/09/2021

·

81.7K views

World’s First Multi-Token ISPO — By Genius X

Featured News

Ravendex gears up for launchpad and staking platform release
Cardano Feed

Ravendex gears up for launchpad and staking platform release

RocketPad Records 73.9131 % of Its 100,000 ADA soft cap For Seed Sale Round., Business News

RocketPad Records 73.9131 % of Its 100,000 ADA soft cap For Seed Sale Round., Business News


Featured ISPOs

Genius X

GENSX ISPO

ACTIVE

250M $GENSX · Ends in 09/12/2022

Bringing Fixed Assets (CNFT & CNT) Lending & Borrowing to Cardano

Featured Projects

Cardalonia

Cardalonia

Metaverse

Featured
MuesliSwap

MuesliSwap

Exchanges (DEX)

Featured

WingRiders Governance Token