Cardano (ADA) Shares May 2023 Retrospective: New Projects, Transaction Count Increase, Tech Upgrades

Cardano

The Cardano (ADA) developers at Input Output Global scored a number of significant accomplishments in the last month despite the fact that the whole cryptocurrency ecosystem experienced a sort of stasis. Additionally, Project Catalyst, the largest incubator for Cardano (ADA) goods, revealed the specifics of its upcoming phase.

14 new dApps, 67.2 million transactions, Marlowe mainnet: May 2023 in Cardano (ADA)

The monthly review shows that in May 2023, the Cardano (ADA) ecosystem was expanding steadily but gradually. under particular, one decentralised application went live on the mainnet, and 14 others are under development. That brings the total number of running dApps on Cardano (ADA) to 127.

Additionally, Cardano (ADA) saw the creation of over 150,000 new native tokens, and there were over 8,200 Plutus scripts (smart contract logic ideas).

In April 2023 data, the net transaction count grew by almost 1.8 million, surpassing the 67.2 million transaction mark.

Cardano Node v.8.0.0, a new version of the node software, was published by the developers to improve communication with on-chain staking pools operators (SPOs).

In addition, Cardano (ADA) celebrated the much awaited Marlowe mainnet release, an innovative open-source suite of developer tools created to speed up the creation of smart contracts.

Project Catalyst Fund 10 kicks off on June 21, 2023

Cardano’s (ADA) Marlowe, which speeds up the onboarding of dApps, is positioned to be a pillar of its developer ecosystem, as previously reported by U.Today.

Also unveiled in May was Cardano’s L2 solution Hydra’s first-ever mainnet-compatible version.

IOG disclosed information on Project Catalyst Fund 10, the newest iteration of Cardano’s community-driven incubator programme, in terms of ecosystem growth.

All candidates may begin introducing their items as of June 21 in order to get hefty grants in ADA tokens.

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