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Cardano Surpasses 100 Million Transactions Amid Network Growth
According to U.Today, Cardano (ADA) has reached a significant milestone by surpassing 100 million transactions, marking a notable expansion and increased adoption of the network. November was a particularly remarkable month for Cardano, with the ADA price experiencing a substantial surge of 216%. The network also saw a rise in transaction volume, as reported by Cardano developer Input Output Global (IOG). The total number of transactions increased by 2.65 million over the month, reaching a total of 100.57 million.
As of November 29, 2024, IOG reported the existence of 1,979 Cardano-based projects, including 603 new ones. The number of token policies grew by 10,132, and the issuance of native tokens climbed by 80,000. Additionally, Plutus scripts increased by 9,102, totaling 100,800. The Fund13 voting for Project Catalyst commenced on November 28.
In terms of network updates, Cardano released Node v.10.1.2 in November, an update to the previously released v.10.1.1, capable of crossing the Chang #2 hard fork. A minor node release, 10.1.3, addressing Issue #4772, was also announced. Plan 529 was introduced, named after Epoch 529, which begins on December 20, 2024, and is expected to be the date for the mainnet hard fork governance action initiation. This plan provides an opportunity for Stake Pool Operators (SPOs) and the Interoperability Coordination Committee (ICC) to vote on ratifying the hard fork in January 2025.
Regarding smart contract development, the Plutus team completed work on serializing Agda-proof objects, advancing towards delivering a tool for certified compilation. A Cardano Improvement Proposal (CIP) to add modules to Untyped Plutus Core is currently in progress. A new version of the Protocol Insights dashboard, along with the v.2445.0 distribution, was released. The hard fork working group proposed naming the second hard fork in the Chang upgrade the Plomin hard fork, in honor of Matthew Plomin, USDM's president and cofounder, who passed away unexpectedly in November. This proposal has been adopted.
The Cardano constitution was recently approved, marking a significant step forward for Cardano and the broader crypto industry. The decision to ratify it now lies with the Cardano community, with the ratification expected to be submitted on-chain in January 2025.
As of November 29, 2024, IOG reported the existence of 1,979 Cardano-based projects, including 603 new ones. The number of token policies grew by 10,132, and the issuance of native tokens climbed by 80,000. Additionally, Plutus scripts increased by 9,102, totaling 100,800. The Fund13 voting for Project Catalyst commenced on November 28.
In terms of network updates, Cardano released Node v.10.1.2 in November, an update to the previously released v.10.1.1, capable of crossing the Chang #2 hard fork. A minor node release, 10.1.3, addressing Issue #4772, was also announced. Plan 529 was introduced, named after Epoch 529, which begins on December 20, 2024, and is expected to be the date for the mainnet hard fork governance action initiation. This plan provides an opportunity for Stake Pool Operators (SPOs) and the Interoperability Coordination Committee (ICC) to vote on ratifying the hard fork in January 2025.
Regarding smart contract development, the Plutus team completed work on serializing Agda-proof objects, advancing towards delivering a tool for certified compilation. A Cardano Improvement Proposal (CIP) to add modules to Untyped Plutus Core is currently in progress. A new version of the Protocol Insights dashboard, along with the v.2445.0 distribution, was released. The hard fork working group proposed naming the second hard fork in the Chang upgrade the Plomin hard fork, in honor of Matthew Plomin, USDM's president and cofounder, who passed away unexpectedly in November. This proposal has been adopted.
The Cardano constitution was recently approved, marking a significant step forward for Cardano and the broader crypto industry. The decision to ratify it now lies with the Cardano community, with the ratification expected to be submitted on-chain in January 2025.
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