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The total number of smart contracts in the cardano network ($ada) exceeded the thousand for the first time as the decentralized finance space (challenge) of the blockchain grows regularly with its total value locked well above $70 million.
According to Cardano blockchain insights shared on Google's data studio, there are over 1000 smart deals based on plutus on cardano as of today, January 27. Plutus, it is noteworthy, is the "smart contract platform of the cardano blockchain" which allows users to "write applications that interact with the cardano blockchain."
Ada's price skyrocketed last year with the deployment of the alonzo hard fork largely anticipated, who introduced intelligent contracts into the grid, allowing him to compete with other blockchains like the binary smart chain (bsc), ethereum (eth), and solana (ground).
The alonzo hard fork is part of the "goguen" era of the grid, appointed after joseph goguen, an american professor of computer science at the university of california and the university of oxford. The Goguen era comes after the shelley phase, in which cardano became a decentralised blockchain and community members became validators.
Cardano founder Charles Hoskinson has notably revealed he believes projects like Cardano will be “ “as ubiquitous as the internet and used by billions” in the future. The Cardano network notably led the cryptocurrency market in developer activity last year, with Kusama and Polkadot behind it.
The blockchain’s first usable decentralized finance application, MuesliSwap, was launched earlier this month after conducting an under-the-radar offering, and quickly surpassed $2 million in total vale locked. The Cardano network has seen its load surpass 90% weeks after the launch of SundawSwap, a “native, scalable decentralized exchange and automated liquidity provision protocol.” The exchange is supported by cfund, alameda research, and dual state-of-the-art group.
As CryptoGlobe reported, the number of addresses holding ADA has grown in December to a new all-time high of 4 million, according to CryptoCompare’s latest Asset Report.
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