The Cardano ecosystem has enabled a total transaction of 40,604,925 and has 24.77b total ADA staked as of publication.
At the time of press, ADA is trading around $ 0.435341 and the market cap stands at $16,663,499,930.
Sept. 12, 2021, marked a new dawn for the Cardano (ADA) blockchain with the launch of the Alonzo upgrade. Within five days, the network reported over 200 smart contracts on the network. And as January drew to a close, Cardano’s blockchain load reached a peak of 94.94 percent, signifying high network activity.
To tackle the high traffic, Cardano proposed the Hydra upgrade to boost off-chain scalability. Additionally, the network allocated hundreds of millions of dollars in funding to support DeFi and NFTs on the network.
Early this year, Cardano became the best blockchain in terms of developer activity. The network appealed to users so much that it came up as the next best alternative to DeFi and NFT king Ethereum.
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