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Cardano Achieves 96 Million Transactions Milestone as IOHK Reveals Important Ecosystem Updates to Fuel ADA Growth

Cardano Hits 96M Transactions Milestone, IOHK Unveils Key Ecosystem Updates for ADA Growth

The recent report from IOHK highlights the remarkable milestone of Cardano reaching 96 million transactions in just one week, showcasing the sustained global interest in the project. This surge in activity is supported by the presence of 10 million native tokens, with 1,373 projects actively developing on the network and over 84,000 Plutus scripts deployed.

The influx of on-chain activity on Cardano is attributed to the implementation of new technical upgrades that have reinvigorated community engagement, as detailed in the latest report by IOHK. In the past week alone, the network achieved an impressive 96.38 million transactions, putting it in the league of some of the largest networks in the cryptocurrency space.

In addition to these remarkable figures, IOHK’s report reveals other key insights, such as the presence of 1.33 million delegated wallets, 165,546 token policies deployed, and the successful deployment of a new upgrade that enforces stake credentials to be delegated to DReps in order to withdraw rewards.

Furthermore, developments in scaling, governance, and the upcoming Voltaire era are highlighted in the report. IOHK emphasizes the importance of active participation in governance by inviting Cardano ecosystem members to apply for decision-making roles within the network. The transition to the Voltaire era marks a pivotal moment where governance is fully entrusted to registered members, with Intersect MBO playing a key role in this process.

On the development front, the Mithril team has been focusing on decentralized signature orchestration, while Cardano founder Charles Hoskinson recently delivered a keynote presentation in Tokyo, elaborating on the progress made by Cardano and the broader blockchain industry over the past decade.

Looking ahead, Hoskinson is scheduled to speak at Token2049 in Singapore to discuss the evolution of fourth-generation cryptocurrencies. Despite a slight dip in ADA’s trading price to $0.3492 in the past day, the token remains 3% higher on the weekly chart, indicating a positive trend for investors and enthusiasts alike.