Cardano Sees Massive Surge in Smart Contracts in 2024
In 2024, Cardano (ADA) has seen impressive growth in its smart contract sector, particularly with Plutus V2.
At the beginning of the year, there were 8,083 Plutus V2 contracts, but by September 18, this figure had surged to 80,437, reflecting a substantial increase of 72,354 contracts.
Plutus V1 contracts also saw incremental growth, climbing from 6,296 at the start of the year to 6,711 by mid-September, adding 415 contracts.
The latest iteration, Plutus V3, launched in 2024 with the Chang hard fork, began appearing on the SanchoNet testnet and saw 18 contracts recorded by September 18.
READ MORE:
Cardano Founder to Meet Argentina’s President to Discuss BlockchainOverall, Cardano’s smart contract ecosystem expanded by 72,787 contracts this year. The Plutus upgrades have notably enhanced Cardano’s blockchain capabilities, offering better performance and reduced development costs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Token Surges as Analysts Highlight Promising Patterns and Predictions
In Brief SUI token demonstrates strong performance with significant recent price increases. Technical patterns suggest potential bullish trends and buying opportunities. Analysts project ambitious targets, including a possible rise to $10 or more.
STX Token Surges as New Financial Opportunities Emerge in the Stacks Ecosystem
In Brief The STX token has surged by 56%, reaching a two-month high. BitGo introduced sBTC to enhance Bitcoin's usability in decentralized finance. Liquidity in the Stacks ecosystem is increasing, attracting more users and developers.
U.S. stocks opened, S&P 500 rose 0.1%
Uniswap Web App Adds LP Rewards Function
Trending news
MoreCrypto prices
More
