The Cardano blockchain has continued to record massive growth despite the lackluster performance from ADA, welcoming over 6,000 Plutus smart contracts in February alone.
Cardano is one of the blockchain networks with a massive penchant for growth, as constant developments persistently debunk the “ghost chain” claims. Amid these developments, the network keeps recording a massive surge in Plutus smart contracts.
For the uninitiated, Plutus is a platform that developers leverage to write smart contracts that can interact with the Cardano blockchain.
The Crypto Basic reported on Dec. 26, 2023 that Cardano recorded 9,584 new smart contracts in 2023 as of late December 2023. This figure grew to about 10,000 at the end of the year, resulting in a total of 14,373 Plutus V1 and V2 smart contracts on the network by the close of 2023.
Impressively, the growth of smart contracts on Cardano last year massively outpaced the rate witnessed in 2022. This growth has skyrocketed with only two months into the new year. Total Plutus smart contracts surged to 25,177 as of Jan. 31, representing an addition of 10,804 smart contracts in January alone.
