Cardano Surges with Major Milestones and Growing Ecosystem

In a recent update from Input Output Global (IOG), the firm behind Cardano (ADA), the blockchain network is demonstrating significant progress.

The latest figures reveal that Cardano has now processed over 94 million transactions, highlighting its growing adoption. The network’s Total Value Locked (TVL) stands at 548.4 million ADA.

Despite a recent decline, with TVL in USD dropping to $239 million from a peak of nearly $500 million earlier this year, Cardano’s ecosystem remains robust.

The platform currently supports more than 1,300 projects and has 10 million active tokens. Additionally, there are over 67,000 Plutus scripts available, which facilitate the development of decentralized applications and smart contracts.

READ MORE:

BNB Foundation Removes Nearly $1 Billion in Tokens from Circulation

IOG is focusing on preparations for the Chang upgrade, including rigorous testing. The Lace team is set to release version 1.14 of their wallet software soon. Meanwhile, the Hydra team is refining specifications and the Mithril team is enhancing transaction certification with the latest Cardano node version. Users are advised to update to Cardano node v9.0.0 to stay current with upcoming changes.

The Intersect team is actively keeping the community informed about the latest developments and timelines related to the Chang upgrade.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.