According to Altcoin Daily, Cardano has over 300,000 active smart contracts on its mainnet.#اخبار_مالية #عملات_رقمية
The Vasil upgrade has made a significant leap in smart contract deployment after 2022.
Plutus V2 led growth in 2024 by adding over 96,000 new contracts throughout the year.
Cardano achieved an important milestone in development, surpassing 300,000 active smart contracts on its mainnet, according to data from the blockchain analytics platform Alethia. It has been less than four years since the hard fork of the Plutus programming language Alonzo granted the network smart contract capabilities.
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The cryptocurrency analysis site Altcoin Daily revealed this news, indicating that there are 300,490 active contracts on the Cardano mainnet. This growth points to increased developer adoption and the expansion of decentralized application deployment across the blockchain ecosystem.
The Vasil upgrade has stimulated growth in contract deployment
The fixed partitioning of Vasil, implemented in September 2022, marked a turning point in the adoption of smart contracts in Cardano. Before this upgrade, the network hosted nearly 63,490 contracts, and the number of deployments using Plutus V1 scripts reached 2,900 by July 2022.
Following the enhancements made by Vasil to the Plutus language, contract deployment accelerated through improved efficiency and reduced costs for developers. This upgrade has made creating smart contracts easier and more economically viable for various types of applications.
Current figures show a 373.28% increase in smart contract deployments over the three years since Vasil's implementation. This growth reflects sustained interest from developers and maturity in the platform that goes beyond the initial stages of smart contract launches.
2024 is a record year for ADA contract additions
The year 2024 alone saw nearly 100,000 new smart contract deployments on Cardano, led by Plutus V2 Scripts. Data shows the addition of 96,523 Plutus V2 contracts between January and December 2024, representing the majority of new deployments.
The dominance of Plutus V2 Scripts indicates developers' adoption of the more advanced smart contract capabilities introduced through recent network upgrades. This version offers improved functionality and performance compared to previous versions of the Plutus language.
Sustainable growth in contract deployment indicates the continued expansion of the Cardano development ecosystem despite wide fluctuations in the cryptocurrency market. Developer activity remains strong with an increasing number of projects choosing to build on the platform.
Reaching 300,000 smart contracts confirms the improvements made to Cardano's technical infrastructure and developer tools over the past few years. This achievement indicates that the network has moved beyond experimental stages to practical deployment of applications.