• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$20,875.00-2.41%
    BITCOIN
    24H : -2.41%
    Volume : $18,026,524,165.00
    Marketcap : $398,305,911,128.00
  • ethereumEthereum(ETH)$1,207.44-1.70%
    ETHEREUM
    24H : -1.70%
    Volume : $12,524,126,373.00
    Marketcap : $146,466,643,765.00
  • binancecoinBNB(BNB)$237.99-0.87%
    BNB
    24H : -0.87%
    Volume : $856,636,138.00
    Marketcap : $38,836,631,802.00
  • rippleXRP(XRP)$0.351-3.70%
    XRP
    24H : -3.70%
    Volume : $948,523,424.00
    Marketcap : $16,940,711,101.00
  • cardanoCardano(ADA)$0.488-3.30%
    CARDANO
    24H : -3.30%
    Volume : $693,420,090.00
    Marketcap : $16,507,454,607.00
  • solanaSolana(SOL)$38.67-5.54%
    SOLANA
    24H : -5.54%
    Volume : $1,150,060,269.00
    Marketcap : $13,252,031,039.00
  • dogecoinDogecoin(DOGE)$0.072-7.00%
    DOGECOIN
    24H : -7.00%
    Volume : $650,047,103.00
    Marketcap : $9,504,280,374.00
  • polkadotPolkadot(DOT)$7.73-5.08%
    POLKADOT
    24H : -5.08%
    Volume : $263,444,408.00
    Marketcap : $8,697,525,630.00
  • shiba-inuShiba Inu(SHIB)$0.000011-6.34%
    SHIBA INU
    24H : -6.34%
    Volume : $514,251,282.00
    Marketcap : $6,423,615,955.00
  • avalanche-2Avalanche(AVAX)$19.60-6.81%
    AVALANCHE
    24H : -6.81%
    Volume : $427,686,164.00
    Marketcap : $5,530,937,057.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

The number of projects on the Cardano network has surpassed 500 as the ecosystem grows


March 12, 2022 · By MATheGooner
Cardano (ADA)

The Cardano blockchain network now has over 500 projects under development according to Tim Harrison, IOHK Communications Director.

The Cardano blockchain has made remarkable progress in recent years, thanks to a number of breakthroughs such as the long-awaited smart contract functionality of the Alonzo Upgrade.

The number of wallets for ADA, the blockchain network’s native token according to the Cardano Foundation, has increased by over 1,500 percent in just over a year, from 190,000 at the end of 2021 to 3 million by the end of January 2022.

The Cardano ecosystem continues to grow, with 517 projects based on ADA as of March 11, including non-fungible tokens (NFTs) collections, DeFi lending, and new wallets according to a LinkedIn post by Tim Harrison, the Marketing and Communications Director at IOHK.

Surprisingly, NFT collection projects make up the majority of Cardano projects, accounting for 34.7 percent. 

Cardano, which has grown into a significant network for minting NFTs, recently saw the number of NFTs minted via its NFT MAKER tool surpass 800,000. NFT MAKER is the first public Mint On-Demand tool based on the Cardano blockchain, according to its creators. 

The Cardano network token ADA, on the other hand, has had a rocky ride from it’s all-time highs in early September 2021, and look set to fall for the seventh month in a row due to the sluggish start to life of Cardano smart contract deployment and other variables.

That should change soon, thanks to a string of excellent achievements in recent months, the most recent of which is a huge growth in its total value locked (TVL), which has surpassed $200 million for the first time. 

In addition, the network’s incubation of over 500 businesses will result in a tremendous capital rotation, locking immense value within the ecosystem. 

Cardano may have been battered in the market, considering the efforts being made to develop the blockchain and make it more effective in processing transactions, the future can only be bright.

Primary Sidebar

LATEST NEWS

Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes

June 27, 2022

Ethereum whales have intensified their accumulation of MATIC in the past week

June 26, 2022

Cardano launches EVM sidechain application for developers to facilitate network interoperability

June 25, 2022

Charles Hoskinson proposed software-enabled crypto self-regulation to the US Congress committee

June 24, 2022

The cryptocurrency market has seen inflows of $100 billion since Bitcoin fell below $18,000

June 23, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he recognizes as a commodity June 27, 2022
  • Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes June 27, 2022
  • Ethereum whales have intensified their accumulation of MATIC in the past week June 26, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in