Cardano network has now seen minting of over 5 million NFTs
The Gimbal network has now seen over five million NFTs minted. According to data from pool.pm, the number of native assets issued on the Cardano blockchain currently stands at 5,019,030, with 54,831 distinct minting policies.
The Cardano blockchain can natively generate, interact with and delete custom tokens (or “assets”). “Native” indicates that users can interact with these custom assets straight out of the box, without having to employ smart contracts.
In 2020, Cardano creator Charles Hoskinson predicted that the Cardano ecosystem would see growth as there would be “hundreds of assets, thousands of dApps, tons of cool projects, and lots of unique and useful items” .
As previously reported by U.Today, Hoskinson revisited the 2020 prediction when he pointed out that there were millions of assets minted on Cardano when replying to a critic who held that the prognosis had failed to materialize.
According to recent data from Messari, Cardano records the highest 24-hour adjusted trading volume. Adjusted transaction volume is still a good way to isolate only the largest transactions.
Cardano outperformed leading cryptocurrencies like Bitcoin and Litecoin in adjusted transaction volumes, with a 24-hour volume of $9.15 billion. Cardano founder Charles Hoskinson recently shared this line while responding to a critic who had referred to Cardano as “Ghostchain.”
ADA increases by 12%
ADA price tested lows of $0.44 on May 27 before bouncing back. At press time, ADA was trading up nearly 12% at $0.516, preparing to mark the third straight day of positive price action. The recent price rally represents an increase of more than 33% from its low price this month of around $0.39.
Over the weekend, IOHK shared the latest statistics regarding the network. Currently, 986 projects are building on Cardano, up from 943 previously. A total of 88 projects have recently been launched on Cardano, while the number of NFT projects has risen to 5,727. For the week, Github connects totaled 3,028.
