Cardano Network Buzz: 4 Million Transactions in 2 Months

Within the last two months, 4 million transactions have been recorded on Cardano.

This increase indicates growing interest and activity in the Cardano network, although sustaining the momentum will always prove tricky. 

#Cardano fam. It’s the weekly update!!

Check out the amazing thread from @IOHKMedia.

What jumped out to me: 4 MILLION transactions done on @Cardano in the last 2 months 🔥🤯 $ADA https://t.co/6S20nATGJS pic.twitter.com/TFOI8DNKrE

— Chris O (@TheOCcryptobro) February 2, 2024

Cardano’s Explosive Growth and Technological Milestones

Input Output Hong Kong (IOHK) recently shared data showing that the Cardano ecosystem has grown significantly. Eight new projects were launched on the blockchain in December and January. Seventeen other projects are currently being worked on. This means 157 projects have been started, and another 1,320 are in the works. Those are steep numbers, even if not every project can be successful.

One of the main reasons Cardano appeals to builders is that it keeps making technological progress. On Cardano, token policies have grown by 13,109, and 480,000 new native tokens have been created. 

Creating Plutus scripts, which allow smart contracts to run on the Cardano system, is an important milestone. The number of Plutus V1 scripts increased by 81, hitting 6,332, and the number of Plutus V2 scripts increased by 13,091, reaching 17,718.

Also, Cardano’s infrastructure is getting more robust. Performance is improving, and new functions like integerToByteString and byteStringToInteger bitwise operations will be added in the next version of Plutus, which will come out after the Conway upgrade.

Voltaire’s decentralized government phase is moving forward faster on Cardano’s roadmap, which shows that the project is serious about creating a fully decentralized ecosystem. At the same time, Fund11 voting started as a new phase for Project Catalyst. This shows Cardano’s commitment to community involvement and participation in decision-making processes.

🗳️Project Catalyst Fund11 voting is officially OPEN!

Participate in shaping the future of decentralized innovation on #Cardano.🌐
Cast your votes until February 8, 11:00 UTC.

How to vote: ➡️ https://t.co/e6rCLP0QLh pic.twitter.com/5vCTnRNE17

— Input Output (@InputOutputHK) January 25, 2024