Cardano Grows in August: More Transactions, Wallets, and Tokens

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Growth of the Cardano Ecosystem
  2. Updates on Projects and Scripts
  3. Achievements and New Releases


    4. Cardano Foundation released on-chain statistics for August 2024, showing steady growth across the Cardano ecosystem.

    Growth of the Cardano Ecosystem

    According to data published by the Cardano Foundation, transactions on the Cardano network increased by 1.51% in August, reaching 95.9 million. The number of wallets grew by 0.67%, totaling 4.87 million. There was also a 0.98% increase in delegated wallets, reaching 1.33 million.

    Updates on Projects and Scripts

    The number of Plutus scripts increased by 0.75%, reaching 6,709, while the number of native tokens grew by 0.85%, totaling 10.3 million. Policies saw a 6.53% increase, totaling 160,299. Among transaction types, 31% were smart contracts, 49% were simple transactions, and 20% were metadata without smart contracts.

    Achievements and New Releases

    Input Output Global (IOG) released an August development update, highlighting major achievements. As of the end of August 2024, 1,373 projects are currently building on the Cardano platform. Token policies increased by 8,375, and the number of minted native tokens reached 110,000. Plutus scripts grew by 5,995, totaling 74,729. The total number of transactions increased by 1.5 million. The ledger team continued working towards the Conway era, while the Lace team released version 1.14 with enhanced wallet functionality. The Hydra team released version 0.18.0 and continued work to support Hydra Doom.

    August 2024 statistics show a confident growth of the Cardano ecosystem, indicating successful efforts in developing projects and implementing new functionalities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Price Recovery Approaches $78,000

Bitcoin's price recovery has brought it closer to the $78,000 mark after a week of volatility.

user avatarSon Min-ho

LIT Token Surges Amidst Mixed Performance in Altcoins

Lighters LIT token experienced a significant surge of approximately 18% to $3.19 on November 1, 2026, amidst mixed performance in major cryptocurrencies.

user avatarZainab Kamara

Circle Releases Technical Guidance for ERC20 Transfers Using CCTP

Circle has published a developer guide detailing how issuers can utilize its CrossChain Transfer Protocol (CCTP) for ERC20 assets beyond USDC.

user avatarAyman Ben Youssef

Curve Finance Launches StableSwap on Stellar Mainnet

Curve Finance has launched its StableSwap system on the Stellar mainnet, marking its first native deployment outside the Ethereum ecosystem.

user avatarTando Nkube

Ondo Finance Introduces Tokenized Investment Portfolios on Solana

Ondo Finance has launched seven investment portfolio tokens on the Solana blockchain for eligible investors outside the US, providing managed exposure to tokenized equities and ETFs.

user avatarKofi Adjeman

Market Implications of Aave's Tokenized Equity Lending Explored

A case study on the market implications of borrowing against tokenized equities following the launch of Aave's V4s Equities Hub, highlighting market liquidity and associated risks.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.