“Cardano Blockchain Data Reveals Steady Growth: Wallets, Transactions, and Smart Contracts on the Rise”

2023-05-03 06:07:07

The Cardano Foundation, the foundation behind Cardano’s blockchain, has very encouraging blockchain data communicated By April 2023. From their decorative little graphic, which they shared on Twitter, it turned out that in April, 65.6 million transactions took place on the chain, which means an increase of 2.49%. The number of wallets also showed an increase of 1.19% and now we can talk regarding 4.07 million Cardano wallets.

Statistics clearly show that Cardano is growing steadily

The number of Plutus scripts reached 5,419, an increase of 3.53%. There are currently 8.07 million native tokens in circulation, which is also a strong increase. Thirty percent of transactions can be said to have used smart contracts. Metadata-type transactions accounted for 21% of all transactions, while 49% of transactions were simple transactions. Another thing that needs to be highlighted regarding Cardano is that FluidTokens, which is a peer-to-peer lending protocol, will soon move to the Aiken programming language for the development of its smart contracts.

Everyone expects that not only FluidTokens, but the entire Cardano ecosystem will benefit from this move. Mainly because by using Aiken, the smart contracts will be smaller, so the cost will also decrease. After all, the price of smart contracts on the Cardano network is determined by the size of the script executing the contract. In addition, Aiken is quite user-friendly, making it easier for developers to write smart contracts. In contrast to Cardano’s basic smart contract language, Plutus, which can pose serious challenges for an experienced developer.

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