In October, Cardano (ADA) marked a significant achievement with an unprecedented surge in transaction volume. Reports reveal that the network recorded its highest transaction levels, reflecting growing interest in Cardano’s expanding ecosystem. This rise underscores Cardano’s potential to establish itself as a major player in the blockchain industry as it continues to build its ecosystem and attract new users and projects.
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Exponential Growth Observed in Cardano Activity
A remarkable increase in Cardano’s network activity has been observed, driven by recent upgrades, including the Hydra scaling solution and Plutus smart contracts. A post on X highlighted that the platform’s policies rose by 3,287, while 60,000 additional native tokens were minted in October. Plutus scripts also increased significantly, adding 3,358, which brings the total to 91,698. Moreover, the total number of Plutus transactions experienced a jump from 0.98 million to 97.92 million within the past month.
Scaling Improvements Required to Meet Growing Demand
The Plutus development team has been working on various updates, including revisions to the “Using Plutus TX” user guide section and submitting two proposals for built-in arrays and maps. However, the rising transaction volume has increased demands on the network infrastructure. As a result, Cardano’s development team faces added pressure to enhance scalability and maintain efficiency as usage grows.
