Cardano Sees Massive Surge in Smart Contracts in 2024

In 2024, Cardano (ADA) has seen impressive growth in its smart contract sector, particularly with Plutus V2.

At the beginning of the year, there were 8,083 Plutus V2 contracts, but by September 18, this figure had surged to 80,437, reflecting a substantial increase of 72,354 contracts.

Plutus V1 contracts also saw incremental growth, climbing from 6,296 at the start of the year to 6,711 by mid-September, adding 415 contracts.

The latest iteration, Plutus V3, launched in 2024 with the Chang hard fork, began appearing on the SanchoNet testnet and saw 18 contracts recorded by September 18.

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Overall, Cardano’s smart contract ecosystem expanded by 72,787 contracts this year. The Plutus upgrades have notably enhanced Cardano’s blockchain capabilities, offering better performance and reduced development costs.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.