The Cardano network has marked an important achievement by surpassing 110 million transactions, indicating the platform's stable growth and ecosystem activity.
Growth in Transaction Activity
According to a recent report by Input Output, the number of transactions on the Cardano network has reached 110.63 million, which is a 0.19% increase from the previous week. The number of projects within the ecosystem has risen to 2,003, and the total number of delegated wallets has also increased.
Preparation for Hard Fork
Input Output also reported that preparations have begun for an intra-era hard fork planned for later this year. The team spent the past four weeks modernizing the codebase, focusing on readability enhancements and fixing errors. Work on nested transactions is currently underway.
Expected Network Improvements
In the coming days, several key improvements are anticipated for Cardano nodes aimed at creating a more modular and resilient ecosystem. These include the adoption of log-structured merge trees, a revision of stake pool incentives, anti-grinding measures, and tiered pricing for predictable transactions.
Achieving 110 million transactions highlights the growing popularity of Cardano and activity within its ecosystem. The preparations for the hard fork and expected improvements could further contribute to the development and enhancement of the network.
