• Cardano Foundation released on-chain statistics for the month of January 2023.
• The network saw an increase in transactions using smart contracts, tokens, wallets, Plutus Scripts, and policies.
• Major events for the Cardano ecosystem include the Vasil hard fork upgrade and launch of Djed stablecoin.
Cardano (ADA) On-Chain Statistics for January
The Cardano Foundation has released statistics reflecting increased transactions across the board on its public blockchain platform during the month of January 2023. This includes an increase in „transactions using smart contracts and metadata.“
The data showed that the volume of native tokens, transactions, wallets, Plutus Scripts, and policies on the network had all increased from December 2022. Of these metrics, Plutus Scripts witnessed a 6.08% increase with over 5,000 active smart contracts on the network. Moreover, transaction types were divided into 31% for smart contract transactions, 46% for simple transactions, and 23% for metadata transactions without smart contracts.
Recent Events & Developments
A key event was the Vasil hard fork upgrade which launched on September 22nd 2022 to enhance its smart contract capabilities. On January 31st 2023 Cardano’s overcollateralized Djed stablecoin was launched as well accumulating 29.9M ADA in base reserves less than a week after launch. Despite these successes however there have been some blips along the way such as a node outage where 50% of nodes went offline temporarily on January 22nd 2023 before automatically restarting themselves afterwards.Charles Hoskinson reassured community members that this “blip” was not serious nor did it affect user funds in any way..
Price Fluctuation & Market Capitalization
The price of Cardano (ADA) has increased 51.42% from January 5th 2023 onwards making it one of top 10 most valuable cryptocurrency projects by market capitalization at press time according to CoinGecko data .
Global Adoption For Smart Contracts Protocols?
An increase in smart contract adoption could propel global adoption for similar protocols going forward as more developers look towards integrating them into their products or services due to their flexibility when compared with other technologies currently available .