2,000 Cardano (ADA) Projects: Major Milestone Hit

Cardano (ADA), one of the largest proof-of-stake blockchains, achieved a new milestone in onboarding decentralized applications. Over 2,000 cryptocurrency projects are building their services on Cardano (ADA), the latest Input Output’s Cardano Development Report says.

Cardano (ADA) app count exceeds 2,000 as crypto rebounds

Cardano (ADA), a veteran proof-of-stake (PoS) blockchain, is celebrating a massive milestone in dApp onboarding. Right now, 2,004 active cryptocurrency products are building on top of Cardano’s (ADA) smart contracts. Such estimation was shared by Input Output, a global entity overseeing Cardano (ADA) solutions’ development.

These projects are operating over 138,000 Plutus scripts, Cardano-specific DeFi programs, with a 0.22% growth rate in the last seven days, yesterday’s Cardano Development Report says.

Also, the Cardano (ADA) validation ecosystem is surging: 1,352 DReps (validators) are onboarded by Cardano (ADA) with 967 DReps being active right now. The metric increased by 0.44% in a week. These validators are backed by 1.3 million delegating ADA wallets.

Cardano (ADA) developers are preparing major updates to its software architecture design. A new tracing system for Cardano’s (ADA) node is underway, while the next Plutus upgrade is also in the making.

Developer activity on Cardano (ADA) is rocketing: 278 GitHub commits were added in seven days, which is 33% more compared to the previous period.

10+ million native tokens issued on Cardano (ADA)

Cardano (ADA) is known for its unique native token structure as every Cardano’s (ADA) token closely resembles ADA, its key governance cryptocurrency.

Over 10.8 million tokens are now live on Cardano (ADA), which is a record-breaking value for all Layer-1 blockchains. Cardano (ADA) accounts hit 110 million on-chain transactions, data says.

Also, Input Output announced the progress of Cardano’s education initiative and Project Catalyst, a community-driven dApp incubator.

Cardano’s (ADA) price sits at $0.63, with 4.63% lost in the last week. Cardano’s (ADA) TVL is targeting $300 million, DefiLlama says.