Despite the fluctuations in the cryptocurrency market, the Cardano ecosystem continues to grow without slowing down. The number of applications actively developed on the Cardano network, which was founded in 2017 by Charles Hoskinson, one of the founders of Ethereum and BitShares, has exceeded 1000.
When we look at the data of the Cardano network, the most notable statistics are; There is an increase in the number of applications and Plutus scripts currently being developed on the Cardano network.
Alongside the large number of projects currently in development, the developers launched nearly 100 new projects on Cardano last week. This marks a major milestone for the network, which introduced smart contracts technology less than a year ago.
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The biggest increase in the Cardano ecosystem is experienced in NFT projects with 6,304 new projects. Cardano manages to attract NFT artists thanks to its relatively lower fees, fast processing and yet not crowded market.
Developers are constantly using smart contract technology to bring new functionality to their apps. This made it possible to add dApps to Cardano and add brand new functionality to them with the Vasil hard fork, which is strongly interrelated.
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