Cardano Sees 300% Increased Use in Smart Contracts in 2022
Login

Cardano Sees 300% Increased Use in Smart Contracts in 2022

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Cardano (ADA) smart contracts have been used more than 300% more this year than they were at this time last year, according to data posted by popular crypto influencer account Altcoin Daily. Charles Hoskinson, the founder of Cardano, mocking those who frequently view ADA transactions as phantoms, remarked sarcastically, “Ghost scripts.”

Cardano Has Enemies and Detractors

The ADA network had a 90% increase in daily active addresses carrying out on-chain transactions, according to a tweet made last month by a Twitter user. “Pretty easy to have a 90% increase when no one is using it,” said the creator of BuyMoreTokens, a supporter of the Ethereum network.

Even still, data from Cardano blockchain insight reveals a consistent rise in ADA on-chain activity, such as wallet delegators, new daily ADA wallet creations, payment transactions, total locked value (TVL), and more.

Two cryptocurrency enthusiasts had previously asserted that several venture capitalists (VCs) have promised not to fund any startups connected to the Cardano network. Sponsoring Cardano-related firms, in their opinion, entails accepting unreasonably high risk. In response, the creator of Cardano reminded them that it would be wiser to put their money into Celsius, LUNA, and FTX rather than ADA.

Hoskinson hasn’t changed his tone of sarcasm in response to those who keep referring to Cardano’s blockchain as a dangerous Ponzi scheme just waiting to go down.

Yet, Cardano’s native ADA is one of the leading cryptocurrencies with the highest market capitalization. ADA is presently trading at $0.3171, up 2.5% over the past week. Over the last 24 hours, cryptocurrency dealers traded ADA tokens worth close to $180 million.

 

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News