
Over 4,000 Cardano-based smart contracts have been developed
In September 2021, the Cardano (ADA) blockchain underwent a substantial upgrade featuring the integration of smart contracts, thus enabling the network to operate more efficiently and at a greater capacity. Despite a decline in the coin’s price in 2022, the network’s development has advanced significantly. By December 4, the number of Plutus-based smart contracts that were operating on the Cardano blockchain had ballooned to 4,050, a 316% increase from the 947 that were in action at the start of 2021. Once the Alonso hard fork was accomplished, Cardano was able to provide the developer community with a programmable, DeFi application