• 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

a year 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

XRP and ALGO Join the High-Conviction Cluster

chest

XRP and ALGO have joined the high-conviction cluster with bullish sentiments above 90, indicating a renewed focus on infrastructure-focused chains.

user avatarLucas Weissmann

Bullish Sentiment Surges Above 90 in Major Blockchain Networks

chest

Bullish sentiment has surged above 90 across multiple blockchains, led by XLM, with XRP, ALGO, CRO, and KAS close behind.

user avatarJesper Sørensen

Bitcoin Cash Approaches Key Resistance Level

chest

Bitcoin Cash is currently trading near 6603 after a significant price expansion, with volatility increasing and key support levels identified.

user avatarRajesh Kumar

Whale Trades on Hyperliquid HYPE Become Public Spectacle

chest

Whale trades on Hyperliquid HYPE are now visible in real-time, significantly impacting market dynamics.

user avatarEmily Carter

Hyperliquid HYPE's Revenue Model Sparks Debate

chest

Despite pushing around 215 billion in weekly volume, Hyperliquid HYPE's price remains down about 47% from its all-time high. This disconnect is attributed to the platform's unique revenue model, which directs 100% of its revenue into buybacks, creating a direct link between usage and token value. Analysts are debating the sustainability of this model and whether the market has fully priced in the transparency premium it offers.

user avatarFilippo Romano

PUMP Price Approaches Key Breakout Zone

chest

PUMP price is testing the resistance of a descending channel, indicating a potential breakout as market conditions improve.

user avatarTomas Novak

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.