Cardano Surpasses 4M Transactions, Unveils Robust Development Ecosystem

The Cardano blockchain continues to make waves in the cryptocurrency space, as it recently surpassed 4 million transactions in the last two months. December and January witnessed the launch of eight new projects on the Cardano platform, while an additional seventeen projects are currently in the development pipeline. With a total of 157 projects already launched and 1,320 in progress, Cardano’s growth is evident.

Cardano’s Growth Fueled By Innovative Projects

One of the key drivers behind Cardano’s success is its technological progress. The number of token policies on the platform surged by 13,109, leading to the minting of 480,000 new native tokens. Furthermore, the development of Plutus scripts, enabling smart contracts on Cardano, saw substantial growth. Plutus V1 scripts increased by 81, reaching a total of 6,332, while Plutus V2 scripts expanded by 13,091, hitting a new total of 17,718.

As per the latest weekly development report, the Marlowe team has been actively enhancing the marlowe-cardano project. Notable achievements include creating a non-SRE process for running benchmarks, optimizing the Marlowe Runtime, and merging repositories to streamline the development process. Several modules were deprecated as part of ongoing efforts, and the team assessed the feasibility of supporting impactful CIPs for future development.

The Hydra team conducted yearly road mapping sessions, introduced API changes, completed off-chain logic implementation for incremental decommits, and introduced a hydra-explorer backend. Meanwhile, the Mithril team focused on certifying Cardano transactions, completed the signature of the transactions set, implemented the aggregator route, and enhanced the resilience of computing the list of immutable files in a Cardano node database.

Voltaire and Sanchonet witnessed crucial developments, including a feature enabling stake pool operators to vote on security-relevant protocol parameter updates. Bug fixes were implemented, addressing issues related to voting, safeguarding against orphaned reward accounts, and ensuring proper encoding in CBOR.

In its second week of voting in Fund11, Project Catalyst garnered significant community participation. Almost 5,000 wallets cast over 150,000 votes across 920 proposals seeking community funding. The voting period for Fund11 extends until February 8th, with results expected by February 15th.

As Catalyst progresses, February 4th marks the deadline to apply to run a Catalyst working group. However, the community’s dedication to innovation and governance is showcased through these active and dynamic developments across various projects on the blockchain.

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