Bullet Point Summary
• Cardano ecosystem recorded 1,189 protocols and over 59.4 million transactions.
• ADA coin is well-positioned for ambitious growth due to strong fundamentals.
• IOHK’s weekly update revealed 68,641 token policies and 7.59 million native token transactions.
The Cardano blockchain platform, developed by Input Output Hong Kong (IOHK), is rapidly emerging as one of the top contenders for a ‘Ethereum killer’ and its recently published weekly ecosystem statistics are a resounding testament to this. The update revealed that the Cardano blockchain network has achieved over 1,189 protocols building on it, with a total of 112 projects actually launching on the blockchain. A total of 59.4 million transactions were recorded for the week, with 7.59 million native token transactions and 68,641 token policies.
These impressive figures speak for themselves, and the ADA coin is perfectly poised for further growth due to its strong fundamentals. Cardano was founded in 2017 by Charles Hoskinson who has been leading the core team to focus on building a resilient platform that can be used by ‘changemakers, innovators, and visionaries’ to bring about positive global change.
The platform was built on a Proof-of-Stake (PoS) blockchain and is powered by a suite of decentralized applications that are built on top of it. The core developers have been working hard to ensure the protocol is ready for anyone to come and build on it and thus far Cardano is living up to its potential.
The weekly update from IOHK is a testament to the growing success and potential of the Cardano blockchain platform, which is continuing to position itself as the Ethereum killer. With 1,189 protocols and 59.4 million transactions over the past week, it’s clear that the future looks bright for ADA coin and the Cardano ecosystem.