Cardano (ADA) exceeds the milestone of 3,000 smart contracts

Cardano (ADA), known as the scientific blockchain, has reached a new milestone after passing the threshold of 3,000 smart contracts developed on the network. This significant figure is reached eleven months after the implementation of the Alonzo update.

August started with good news for the blockchain. As of press time, the blockchain, named after mathematician Gerolamo Cardano, has 3,015 smart contracts developed on the Plutus platform, according to data from Cardano Blockchain Insights.

The development of smart contracts on Cardano has accelerated since the implementation of the Alonzo update, which took place in September 2021.

To put the number into perspective, by the end of January the blockchain had just passed the 1,000 smart contract mark. This means that the network has tripled the number of smart contracts in just 6 months.

That said, this new step is perhaps not the most surprising for the cryptocurrency community. It is important to remember that last June Cardano they became the first project in development activities for 30 days, reaching a total of 13,003 GitHub commits.

On the other hand, the total number of Cardano wallets also reached a milestone after registering 3.5 million active addresses.

Source: Cardano Blockchain Insights

Cardano achieves important goals

Along with the developments made in the scientific blockchain, the ADA ecosystem has also published news of great importance.

On Tuesday 2 August it was announced that Swiss bank Sygnum had launched Cardano’s staking service. In this way, customers can place the ADA token “conveniently and securely” through Sygnum’s institutional-grade banking platform.

On the other hand, the Cardano blockchain has been integrated into Trust Wallet, while Ledger Live has announced support for around 100 additional Cardano-based tokens.

Cardano ADA

The wait continues for Vasil’s hard fork

However, one of the most relevant developments for 2022 has been delayed several times.

The Vasil hard fork was successfully tested on the Cardano testnet last June, with plans to reach the mainnet a few days later.

However, this event has been postponed to ensure developers and API exchanges are better prepared when the hard fork is finally released.

Faced with uncertainty, Input Output Global (IOG) CEO Charles Hoskinson told the cryptocurrency community that the hard fork is constantly and even steadily moving “in the right direction.”

On the other hand, he pointed out that Vasil will improve the speed and scalability and make the blockchain more attractive for smart contracts and DApps. In this way, it is entirely possible that the number of smart contracts on Cardano will continue to set new records.


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