Since the implementation of the Alonzo upgrade, the Cardano blockchain has welcomed hundreds of projects.
In a tweet posted on its official Twitter account, Input Output, the developer of the Cardano scientific blockchain, has shared with its more than 250.000 followers that the network is now has more than 1.000 projects in development.
In the tweet, they also shared a chart showing that the majority of projects (around 40%) are related to NFTs.
But it's not just NFTs that are being developed, Cardano is becoming a living ecosystem, thanks to the creation of stablecoins, decentralized exchanges, oracles, wallets, yield and decentralized lending protocols, metaverse platforms, incubators for startups, platforms for decentralized social networks and decentralized finance protocols.
The greatest growth of the network has taken place with the arrival of the Alonzo hard fork, with which it is implemented smart contracts on the blockchainThis functionality has allowed Cardano to compete on equal terms with other DeFi blockchains such as Ethereum, BNB or Solana.
In this regard, CryptoCompare data shows that since the implementation of the Alonzo hard fork, the number of developer contributions to the Cardano code repository has grown by 12%.
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CryptoCompare data also shows that developer activity on GitHub has grown from 5.314 to 5.939 as the team prepares for the launch of the Vasil hard fork, which is expected to take place on next June 29.
On the other hand, Santiment's on-chain data shows a lot of activity on the Cardano network over the past few weeks, with whales buying large amounts of ADA, which is an indicator of the chain's good momentum.
Cardano has continued to grow during the May market crash
Although Cardano has closed the month of May in the red, it has been the top 20 cryptocurrency that has experienced a higher growthIn fact, in the last seven days its market capitalization has increased by 14,25%, reaching $1.530 billion.
This growth is due, in part, to adoption by financial institutions, but also to the growing interest of developers in the project. Beyond Alonzo's capabilities, those responsible for the projects They have found in Cardano a reliable, stable and efficient ecosystem.
On what will happen in the coming months, Charles Hoskinson, founder of Cardano, has explained that the arrival of the next update, Vasil, will bring new functionalities to the network, with which a massive performance improvement.
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