The developer’s activities in the Cardano smart contract environment seem very high and it surged more rapidly after the launch of Djed stablecoin.
Cardano is a popular Proof-of-stake (PoS) highly scalable blockchain network. The engineering team behind this Crypto blockchain network is dedicated to pushing the use case & enhancing the potential ability of the blockchain.
This year, so far to date, Cardano smart contract ecosystem saw the deployment of 1,000 new Plutus V1 smart contracts, which is itself a very big number over any other smart contract enabled platform.
On 1 Jan, there were nearly 4,718 Plutus V1 scripts but to this date Cardano has 5,771 Plutus V1 scripts.
This milestone achieved by this PoS crypto network showed that its blockchain is still at the top of the race for decentralised finance innovations.
Just a week ago, the Cardano network saw a rapid increment in the network users citing high gas fees on the top crypto networks Ethereum & Bitcoin.
At the time, the Cardano network was processing crypto transactions at 95%+ potential. According to Cardano Devs, there are potential chances that the Cardano network may face congestion issues if further no network scalability & efficiency work will done.
Ada price action
Ada is a native coin of the Cardano blockchain and the current trade price of the ADA coin is $0.3693. This trade price is 2% down over the last 24 hours.
Read also: Surging crypto frauds is the potential reason behind debanking Binance Australia
