Cardano Smart Contracts Surge by Nearly 10,000; Charles Hoskinson Acknowledges Achievement (2024)

• The number of Cardano smart contracts increased by nearly 10,000 by 2024.
• Charles Hoskinson, co-founder of Cardano, acknowledged the increase and emphasized its importance.
• As of January 26, 2024, Cardano had 24,050 V1 and V2 Plutus smart contracts, marking a 67%.

An X user by the name of Darren tweeted that the number of Cardano smart contracts increased by nearly 10,000 in 2024. This particular remark attracted the immediate attention of Charles Hoskinson. Hoskinson, a co-founder of Cardano, expressed a modest acknowledgment in response to the remark.

He added, “So my prediction ended up true, but a little late.” Hoskinson’s reply emphasizes the profound importance that this accomplishment holds for the Cardano ecosystem.

As of January 22, 2024, the Cardano blockchain had amassed an impressive 24,050 V1 and V2 Plutus smart contracts in total. The data shows that the number has increased by an impressive 9,671, or 67%, since January 1, 2024, when it was recorded at 14,379.

Alongside the notable upswing in smart contracts, Cardano has experienced a considerable expansion in the volume of its transactions. According to the wallet tracking platform Taptools, Cardano reportedly recorded more than $34.33 billion in transactions with values greater than $100,000 in the previous week.

Cardano’s expansion is not restricted to transactions and smart contracts. As of the week ending January 19, information from Cardano developer Input Output Global (IOG) indicated that 157 projects had been launched on the platform and an impressive 1,319 projects were actively under development. This exemplifies the flourishing ecosystem of Cardano-based initiatives and developers.

Cardano’s co-founder commends these accomplishments and advancements; nevertheless, it is critical to acknowledge that the valuation of ADA, Cardano’s native token, continues to be linked to the overall market conditions. At press time, the value of ADA is $0.47. CoinGecko data indicates that ADA has decreased by 5% over the past week and by 21.1% over the past thirty days.