Logo
Cardano Ecosystem

Elevenews

09/05/2023

·

126 views


Cardano Sees 1.6 Million Transaction Boost in August - ELEVENEWS

Cardano, a leading blockchain platform, experienced a surge in on-chain transaction volume last month, adding 1.6 million transactions in August alone. Cardano, a popular blockchain platform, saw a...

Cardano Sees 1.6 Million Transaction Boost in August - ELEVENEWS

Cardano, a leading blockchain platform, experienced a surge in on-chain transaction volume last month, adding 1.6 million transactions in August alone.

Cardano, a popular blockchain platform, saw a significant uptick in transaction volume last month, reporting an increase of 1.6 million transactions in August.  This surge comes alongside the launch of two new projects, adding to the existing 138 projects on the platform, and an additional twelve projects in the development phase. 

The overall cryptocurrency market has been tepid, Cardano appears to be defying broader trends, showcasing its robust ecosystem growth. More positive developments  The growth isn’t just limited to transaction volume. According to recent updates, the number of token policies on Cardano rose by 850, and 140,000 new native tokens were minted on the platform. 

Technical advancements were also notable. The number of Plutus v1 scripts, which are part of Cardano’s smart contract capability, grew by 231 to a total of 6,123. Plutus v2 scripts saw an increase of 510, taking the total count to 3,358.

Anemic price action 

Despite the positive on-chain metrics, it’s worth noting that Cardano’s market value has lagged behind its April peak. As of recent data, the platform holds a market capitalization of just over $9 billion with a 24-hour trading volume of nearly $83 million. 

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Elevenews

ORIGINAL SOURCE

https://elevenews.com/2023/09/05/cardano...

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.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Elevenews

See more
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS
Elevenews
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS

11/07/2023

·

408 views

Related News

See more
Cardano Summit 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)