Since the successful implementation of Vasil, which went live on mainnet on September 22, the Cardano network has added another 100 smart contracts to its ecosystem.
The Cardano network continues to expand as new decentralized applications (DApps) and smart contracts arrive on its blockchain ecosystem.
In this week's network update, published in the open-source library Essential Cardano, Cardano developers reported that There are a total of 3.392 smart contracts based on Plutus, year-to-date. This represents a 3,03% growth in the number of Plutus-based contracts compared to last month, prior to the implementation of the Vasil upgrade on the mainnet.
According to statistics According to Cardano Blockchain Insights, as of September 22, there were a total of 3.292 smart contracts on the Cardano network, meaning that in just over two weeks, blockchain developers have created 100 new smart contracts on this network.
Source: Essential Cardano
It should be noted that Vasil is an update that was implemented as a hard fork in the network to improve the speed and scalability of the blockchain, in addition to optimizing the functions of its smart contracts to significantly expand the capabilities of the network.
It may interest you: What changes does Vasil implement on Cardano?
The number of projects and the total number of transactions processed on the network is growing
At the time of writing this article, there are a total of 1.117 projects built on the Cardano blockchain, while the projects launched through this network have reached 102 projects in total.
The total number of transactions made on the Cardano blockchain has also increased over the past two weeks. Currently, Some 51,3 million transactions have been processed on the network, this represents a growth of 2,3% since the Data published at the end of September, when Cardano surpassed 50 million processed transactions.
Cardano developer Input Output described on its Twitter account that the Cardano universe continues and will continue to expand as more DEXs, DeFi and DApps projects land on the mainnet.
Although Vasil's activation was successful and the Cardano ecosystem continues to develop, the price of its native cryptocurrency ADA has not seen any major changes. ADA is trading at around $0,42 per unit at press time, showing a weekly growth of just 0,34%, according to data from the CoinMarketCap platform.
What does the future hold for Cardano?
The implementation of Vasil represented a new milestone for Cardano. However, its developers still have a long way to go in building this third-generation scientific blockchain.
According to the network roadmap, a new era is about to arrive for Cardano. Called “Voltaire,” the new era will introduce significant improvements to mainnet governance to complete Cardano’s development and turn the network into a self-sustaining system.
Voltaire will introduce a voting system and community treasury, allowing network users to use their ADA tokens to participate and earn voting rights in the network, in order to influence its construction and future development. The Voltaire era is the latest era introduced in Cardano’s roadmap and according to its founder, Charles Hoskinson, it is coming very soon.
Continue reading: The Voltaire era is about to arrive on Cardano
Main image of Essential Cardano
