HomeBTC UpdatesIOG Reveals Significant Increase in Key Metrics

IOG Reveals Significant Increase in Key Metrics

Published on


Cardano Ecosystem Growth and Upcoming Updates

The Cardano (ADA) blockchain is experiencing significant growth, as reported by Input Output Global (IOG), the engineering development company behind the project. The recent weekly report highlights impressive achievements in Total Value Locked (TVL), transactions, and the increasing number of projects being built on the network.

According to the report, Cardano has reached a milestone of 94 million transactions, showcasing the network’s growing adoption ahead of scheduled upgrades later this year. The report also reveals a TVL of 548.4 million in ADA, further emphasizing the network’s expansion.

Data from DefiLlama confirms this growth, with over 26,000 active addresses in the last 24 hours and a TVL in USD of $239 million. However, this is lower than the annual high in TVL in USD terms of nearly $500 million recorded in March.

IOG’s data also shows that Cardano currently hosts over 1,300 projects and boasts over 10 million active tokens. Additionally, there are over 67,000 Plutus scripts, enabling the creation of decentralized applications (dApps) and smart contracts within the Cardano ecosystem.

The report also sheds light on upcoming releases and updates, with the ledger team focusing on extensive testing in preparation for the Chang upgrade. Efforts are also underway in the wallet and services front, with teams like Lace, Hydra, and Mithril working on improvements and certifications.

In terms of trading volume, ADA is currently trading at $0.429, with a spike in trading volume of $628 million over the past few days, representing a 154% increase in market activity for ADA.

Overall, Cardano’s growth and development are evident in the thriving ecosystem, upcoming releases, and increasing trading volume, making it a project to watch in the blockchain space.

Latest articles

Robinhood confirms acquisition of Bitstamp

Robinhood Acquires Bitstamp: Expanding Crypto Reach Globally Robinhood, the popular trading platform, has made...

Robert Kiyosaki’s Confident Bitcoin Forecast: $350,000 By August “Is Absolutely True”

Forecast: Bitcoin to Reach $350,000 by August, Predicts Robert Kiyosaki Title: Renowned Author Robert...

Can Ethereum Layer 2 Achieve $5?

Taiko Price Prediction and Market Analysis Title: Taiko Price Prediction: Ethereum Layer 2 Token...

Pantera Invests $21 Million in Mezo’s Bitcoin DeFi Initiative – Crypto News BTC

Pantera Capital Leads $21 Million Funding in Mezo, Pioneering Bitcoin Financial Layer Pantera Capital,...

More like this

Robinhood confirms acquisition of Bitstamp

Robinhood Acquires Bitstamp: Expanding Crypto Reach Globally Robinhood, the popular trading platform, has made...

Robert Kiyosaki’s Confident Bitcoin Forecast: $350,000 By August “Is Absolutely True”

Forecast: Bitcoin to Reach $350,000 by August, Predicts Robert Kiyosaki Title: Renowned Author Robert...

Can Ethereum Layer 2 Achieve $5?

Taiko Price Prediction and Market Analysis Title: Taiko Price Prediction: Ethereum Layer 2 Token...
bitcoin
Bitcoin (BTC) $ 67,694.14
ethereum
Ethereum (ETH) $ 2,618.32
tether
Tether (USDT) $ 0.999847
bnb
BNB (BNB) $ 601.65
solana
Solana (SOL) $ 154.52
usd-coin
USDC (USDC) $ 0.999865
xrp
XRP (XRP) $ 0.548993
staked-ether
Lido Staked Ether (STETH) $ 2,617.96
dogecoin
Dogecoin (DOGE) $ 0.126895
tron
TRON (TRX) $ 0.160014