• Cardano hits 111M transactions as ecosystem growth accelerates, with over 2,000 active projects and 1.33M stakers.
  • Dev activity surges with 139K Plutus contracts, 7.6K Aiken scripts, and a 27% spike in GitHub commits.
  • $165B in value moved across 276B ADA in just 67 days, showing real-world adoption and protocol trust.

Cardano (ADA) made history by clocking 111 million transactions on its blockchain, marking the growing adoption and deepening ecosystem of the network. Such an on-chain surge is an indication of rising users tapping into Cardanos decentralized applications (dApps) and staking protocols, further deepening network reliability and footprint in the crypto sphere.

Cardanos ecosystem continues to expand steadily, now supporting over 2,000 active projects. Delegated wallets are also robust, with approximately 1.33 million active users staking their ADA and showing ongoing community enthusiasm.

Dev activity is also picking up pace with nearly 139,000 Plutus smart contracts and nearly 7,600 Aiken scripts executing on the network, and showing the platforms building innovation momentum.

Decentralized on-chain governance is also gaining momentum. Delegation representatives (DReps) are now 1,377 and are present dynamically at 976 on Cardanos decentralized decision-making process. Developer action is also on the rise, with a spectacular 27% increase in GitHub commit counts, producing 259 contributions last Friday alone.

In the past 67 days, the Cardano blockchain has resolved transactions worth around $165 billion and transferred 276 billion ADA coins. Such on-chain action is a testament to Cardanos growing utility and peoples trust in its protocol stack.

Sentiment in the community remains very positive. According to CoinMarketCap statistics, fully well over 94% of Cardano investors are bullish irrespective of the latest movements in prices.

Such enthusiasm is supported by healthy staking figures, more than 22 billion ADA are currently staked, which is well over 62% of the circulating supply. Such action is a sign of fundamental belief in the long-term future of ADA.

Its increased utility is also augmented by integrations such as its presence in Brave Browser, which presently has over 91 million users per month. Through ADA beta support and the upcoming Midnight sidechain, exposure of the system goes beyond regular blockchain users and offers additional avenues to adoption.

Also Read: Cardano Holds Steady Support As $0.61 Milestone Fuels Bullish Outlook

Market analysts are taking note. Veteran crypto analyst Lucky describes Cardano to be screaming for higher levels, and Ali Martinez notes that a daily closure above $0.67 may trigger a huge rally and push ADA to the $0.83 to $0.91 region.

image 103 Source: X

Currently trading at $0.5742 after decreasing by 0.27% in the last 24 hours, the bullish sentiment of ADA is reflecting the continuation of its historical 2020 rally. As predicted by analysts, if ADA can exceed $0.80, it could trigger another massive rise in the offing.

Screenshot 5 1 Source: CoinMarketCap

Also Read | Cardano (ADA) at Make-or-Break Level: ADA Targets $1.20 If Resistance Breaks