On September 12, Cardano successfully completed the long-awaited Alonzo Hard Fork, bringing smart contract functionality to the network.
Developers can now construct decentralized applications (DApps) to provide blockchain customers with decentralized finance (DeFi) services.
The move appears to have piqued the interest of both investors and developers, as more than 2334 smart contracts were added to the blockchain in just four days after the ADA mainnet’s smart contract capabilities were enabled.
Given the quantity of smart contracts that have been formed on the network, there is no doubt that the network will see a flood of new decentralized apps.
This is the start of a major wave of popularity for Cardano, a project that has been accused of having no working product, and it will drive additional growth as ADA becomes the third-largest crypto asset.
The addition of dApp capability to Cardano will undoubtedly help the project achieve Charles Hoskinson’s lofty goals, which include actively engaging the developing world as a core use case and user base.