Cardano (ADA) Hits New Milestone as Native Tokens Reach 7 Million


Cardano has now surpassed previous milestone reached in native tokens minted

The Cardano blockchain has reached a new milestone as it now houses 7 million native tokens. According to data, the number of native assets mined on the Cardano blockchain now stands at 7,055,456 across 65,652 different mining policies.

In September, U.Today reported when the Cardano blockchain hit the milestone of 6 million native assets. Cardano native assets and NFTs bear similarities, technologically speaking, as they are both native assets that can be created using the Cardano node CLI.

Unlike a fungible native asset, narrow to a specific description, which can consist of millions of interchangeable tokens, an NFT is a single native asset that is immutable and exists forever on the blockchain. To be considered an NFT, an underlying asset must meet additional standards.

In 2020, Cardano founder Charles Hoskinson predicted the development that is now seen on the Cardano blockchain. He predicted “hundreds of assets, thousands of dApps, tons of interesting projects and lots of unique and utility.”

While the asset has exceeded predictions, with millions of native tokens on the blockchain, Cardano has yet to match that on a DApp.

The Alonzo hard fork deployment in September 2021 ushered in smart contract functionality that allowed for the development of dApps.

As per the latest data provided by cardano builder iog106 projects have been launched on Cardano, while 1,146 are in various stages of development.

As reported by U.Today, Indigo Protocol launched the IUSD stablecoin, reportedly the first of its kind on the Cardano blockchain.


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