Cardano (ADA) results in July

Cardano (ADA) results in July

While awaiting the arrival of the Vasil hard fork, the Cardano Foundation is increasing its releases to promote the innovative features of its blockchain. She has just shared the latest monthly statistics of the network which show that it is fully expanding. Details in what follows.

Figures showing the mass adoption of Cardano

Compared to the previous month, most of the statistics on a chain Cardano surged in July. In particular, transactions made on the network increased by 4.9% to reach the impressive total of 47 million. Known for its security and cheaper fees, Cardano saw the launch of 5.7 million native assets last month. That represents a 6.34% increase from the previous monthly record set in June. Meanwhile the number of wallets hosted on the network has increased by 2.27%. It reached 3.5 million in total.

However, the number of delegated wallets on Cardano only increased by 0.34% to 1.17 million. In addition, the network also has experience a new record of 2,993 Plutus scripts in July resulting in an increase of 4.76%. The increase in Cardano’s monthly statistics indicates that the blockchain is becoming more popular. This justifies the efforts of Input Output Global who spent huge resources on the development and security of the blockchain. It has just taken a new step towards interoperability.

Connection with Cosmos

In order to accelerate the expansion of its ecosystem, Cardano has decided to connect its network to the Cosmos network. So, a bridge powered by Sifchain and Peggy 2.0 now connects the two blockchains. It will allow their respective users to access new features. In addition there is access to better liquidity markets as well as decentralized governance protocols. All of this should, to some extent, calm the Cardano community who are impatiently awaiting the arrival of the hard fork Vasil.

Like statistics on a chain of Cardano, the network’s native cryptocurrency, ADA, has also seen an increase of more than 10% in the last 30 days. These positive numbers clearly bode well for blockchain adoption as it nears its biggest update ever.

Source: Linkedin

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Download avatar Luc Jose Adjinacou

Luc Jose Adjinacou

Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.

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