Given the consistent growth of the Cardano ecosystem, there is a strong indication that this trend will continue in the future. With the increasing number of active wallets and delegates, this indicates the increasing adoption and trust of users towards Cardano’s blockchain technology. If the growth of delegated wallets and active wallets continues to be steady, we can predict that by the end of 2024, Cardano will cross the 5 million active wallets and 1.5 million delegated wallets mark.
Furthermore, the increasing use of Plutus Scripts indicates the wider adoption of smart contracts in the Cardano ecosystem. This could lead to the birth of more DeFi projects and dApps on Cardano, which will ultimately attract more users and developers. If this trend continues, we may see Plutus Scripts grow to over 10,000 by mid-2025.
With a diversification of transactions that includes 31% smart contracts, 49% simple transactions, and 20% metadata without smart contracts, Cardano has the potential to increasingly become the platform of choice for various blockchain applications. As this development progresses, Cardano is expected to play a more significant role in the world of smart contracts and NFTs, and attract more institutional investors and developers to take advantage of its increasingly mature infrastructure.
In the next few years, Cardano has the potential to become a major player in the global digital economy, with a growing ecosystem supporting decentralized finance (DeFi), asset tokenization, and large-scale blockchain applications.
