• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

2 years ago


  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Mining Difficulty Set to Increase

chest

The Bitcoin network is expected to see a difficulty adjustment, increasing by approximately 4.17% due to faster block times.

user avatarArif Mukhtar

Upcoming US Inflation Data Could Impact Bitcoin Prices

chest

Analysts are closely watching the upcoming core PCE figure for March, which is set for release on April 9. Should this number come in above the 3.1% increase recorded in February, analysts anticipate a further decline in expectations for policy rate cuts, which could place additional downward pressure on Bitcoin prices.

user avatarMaria Gutierrez

Ethereum Approaches Critical Price Levels Amidst Market Compression

chest

Ethereum is nearing the $2,000 level as price action compresses, indicating a potential breakout or breakdown.

user avatarDavid Robinson

Solana Price Faces Downward Pressure Amid Market Sentiment Shift

chest

The Solana price is struggling below key resistance levels as market sentiment turns bearish following Trump's address.

user avatarAndrew Smith

Dogecoin Bollinger Bands Indicate Potential Volatility

chest

A cryptocurrency analyst has pointed out that the Bollinger Bands are squeezing on Dogecoin, suggesting that volatility may be coming for the memecoin.

user avatarZainab Kamara

PEPE Memecoin Shows Signs of Trend Exhaustion

chest

PEPE Memecoin shows signs of trend exhaustion as the Tom Demark TD Sequential indicates a potential upward move after a bearish trend.

user avatarJacob Williams

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.