Cardano busts ghost chain myth with encouraging on-chain stats
With a Halloween celebration tweet, Cardano Foundation Have shared some pretty encouraging on-chain data for the last month of October.
According to the graphic posted, the number of transactions reached 53.3 million, up 4.18% from August. At the same time, the overall number of wallets grew by 1.06% to 3.63 million, while the number of delegated wallets increased marginally by 0.35% at 1.22 million. Thus, at the moment, out of 3.63 million ADA wallets, 1.22 million are involved in staking, which is quite encouraging. Twenty-seven percent of transaction types were made with smart contracts, representing a 2% increase for October. Seventh-three percent of transaction types were made without smart contracts.
October will be the first month of the new era that was started by Vasil Hard Fork; So, the network is slowly fitting into the scheme of things. In its weekly development update, IOHK shared statistics about the network’s growth on a chart. Currently, there are 1,127 projects being built on Cardano. A total of 103 projects have been launched on Cardano, while Cardano’s native token holds 6.5 million across 63,865 policies. Also, the number of Plutus scripts was 3,531.
Cardano founder to host talks on crypto
Charles Hoskinson, Cardano founder, is expected to speak on the topic “Is Crypto Dead?” at the world’s largest tech conference, the Web Summit, in Lisbon.
In other news, IOHK announced the re-establishment of Project Catalyst ahead of the next funding round. Project Catalyst has so far received and processed approximately 6,100 proposals, reached over 1.7 million votes and funded nearly 1,200 projects, with 800 in 2022 alone. In the last Fund9 round, 205 proposals were selected for funding and over 364,000 votes, a 53% increase from the previous round.
