The Cardano (ADA) network continues to experience growth in the deployment of smart contracts on its blockchain, a significant factor driving the platform towards its goal of competing with established entities like Ethereum (ETH).
As of January 24, the cumulative number of V1 and V2 Plutus smart contracts on Cardano reached 24,050. This figure reflects a 9,671 or 67% growth from January 1, 2024, with a count of 14,379, according to data retrieved from Cardano Blockchain Insights.
Number of ADA smart contracts as of Jan 22. Source: Cardano Blockchain Insights
Notably, the growth in smart contracts builds upon the 2023 expansion, where the platform added almost 10,000 contracts in alignment with increased development activity.
Cardano increased development activity
The surge in smart contracts also coincides with a previous report indicating that the team working on the Plutus Core language executed common subexpression elimination (CSE) for Untyped Plutus Core.
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