Amid the cryptocurrency market trying to form a recovery after recent declines, the cryptocurrency Cardano (ADA), the ninth largest asset by market capitalization, is increasingly standing out in the blockchain space. Since the beginning of 2024, the Cardano development team has been recording a very significant increase in smart contracts V1 and V2 Plutus to your network, a clear testament to your commitment and technological prowess.
The introduction of these smart contracts to the Cardano network is no small event. Data released on April 14 revealed that the total number of Plutus scripts on the Cardano network, V1 and V2, reached a staggering 41.743. This number marks an increase of around 3% compared to the first day of April.
Notably, the lifting highlights that Plutus V1 scripts total 6.470, which is equivalent to a growth of 0,15% when compared to the 6.460 registered on April 1st. The number of Plutus V2 scripts reached 35.273, experiencing a 3,52% increase from 34.072.
The data presented emphasizes a notable increase equivalent to 1.211 new Plutus contracts that were implemented in the month of April.
The Cardano (ADA) ecosystem continues to show a significant increase in the deployment of smart contracts in its blockchain. This is an important indicator that suggests a momentum towards the path to compete with entities that are already established in the sector.
Specifically, smart contracts work to enable decentralized applications (dApps), as well as to facilitate automated transactions on the blockchain, that is, they play a very significant and crucial role.
At the time of publication, the cardano price it was quoted at US$0,487, down 6.3% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$837.666.838. Over the past seven days, Cardano has seen a notable pullback in its price, reaching 21.0%.
It is worth remembering that cryptocurrency market experienced a sharp drop recently amid geopolitical tensions in the Middle East over the weekend. However, following a reduction in tension between the countries and the approval of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong on April 15, Bitcoin managed a notable recovery, propelling its price above the U.S. $66.000.
