Cardano has emerged as a prominent player in the crypto market, reaching 111 million transactions. This milestone confirms the steady growth of its ecosystem and demand among users.
Network Growth and Project Activity
Cardano has surpassed 111 million transactions and has maintained 7 years of uninterrupted network uptime. Currently, over 2,000 active projects are registered on the platform, with developer activity rising by 27% based on GitHub data. Additionally, the number of delegated wallets has grown by 0.05%, reaching 1.33 million.
Other impressive statistics include:
- 138,996 active Plutus scripts and 7,682 Aiken scripts running on the platform. - The network has 10.84 million native tokens and 217,415 token policies. - The number of delegated representatives has increased to 1,377. - The number of commits on GitHub has surged by 27%, highlighting the active development of the ADA ecosystem.
ADA Price Analysis
At the time of writing, Cardano (ADA) is priced at $0.57. There is active movement near the $0.60 level, which is a key technical mark. Analysts believe that a close above $0.67 could see a rise to a range between $0.83 and $0.91.
Price predictions suggest that ADA could reach $1.32 if key levels are successfully breached.
Project Acropolis and Simplifying dApp Development
Cardano has introduced a new initiative called Project Acropolis, aimed at simplifying the dApp development process on the network. With the Acropolis launch, developers will be able to create applications directly within the Cardano node. This will enhance accessibility for new participants and could significantly speed up the growth of decentralized applications within the Cardano ecosystem.
The achievement of 111 million transactions underscores the increasing popularity and reliability of Cardano as a platform for decentralized applications. With the growing number of active projects and increased user trust, Cardano is solidifying its position in the crypto market.
