Mithril

Cardano

Hydra

<html>
 <head></head>
 <body>
 <figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
 </figure> 
 The <a href="https://u.today/cardano-ada-records-135k-active-addresses-in-biggest-transaction-spike-in-months" rel="noopener noreferrer nofollow">Cardano network</a> has smashed a big milestone in transactions, which has hit the 71 million mark. 
 Per the weekly report by Cardano builder Input Output Global, the total number of transactions has reached 71.2 million. 
 Not only that, the number of native tokens has seen growth, currently reaching 8.55 million. These were minted across 77,035 token policies. Per the graphic <a href="https://twitter.com/TheOCcryptobro/status/1679857197898145793" rel="noopener noreferrer nofollow">posted</a>, 134 projects have been launched on Cardano, while 1,264 are in various phases of development on the blockchain. 
 <blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> community that time of week again! Massive progress as usual. Mithril is about ready to launch beta version on Mainnet &amp; the age of Voltaire is nearly apon us!! <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> <a href="https://twitter.com/cardano_whale?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@cardano_whale</a> <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@IOHK_Charles</a> <a href="https://t.co/AqTI1ReG20" rel="noopener noreferrer nofollow">https://t.co/AqTI1ReG20</a>— Chris O (@TheOCcryptobro) <a href="https://twitter.com/TheOCcryptobro/status/1679857197898145793?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 14, 2023</a> 
 </blockquote> 
 In an analysis provided by <a href="https://twitter.com/intotheblock/status/1660625455504846850" rel="noopener noreferrer nofollow">IntoTheBlock</a> in May on the Cardano network, the on-chain analytics firm noted that the Cardano transaction count stayed quite stable during bear market conditions, recording an&nbsp;<a href="https://u.today/cardano-millionaire-whales-on-steady-buying-spree-as-ada-price-teases-next-move" rel="noopener noreferrer nofollow">increase</a> from the yearly lows. 
 <a href="https://u.today/cardano-ada-records-135k-active-addresses-in-biggest-transaction-spike-in-months" rel="noopener noreferrer nofollow">card</a> 
 Also, a clear increase was spotted in transaction volumes, pointing to activity. 
 A major catalyst seems to be the May Hydra upgrade. Hydra is a Layer-2 scaling solution that was created to boost the throughput and scalability of the Cardano blockchain by processing transactions on a sidechain. 
 Also, the total amount of ADA placed in DeFi applications on Cardano has significantly increased and reached new all-time highs of 720.27 million ADA, according to DefiLlama data. 
 <h2 id="other-advancements">Other advancements</h2> 
 Other advancements for the <a href="https://u.today/cardano-ada-key-metrics-jump-to-yearly-highs-what-this-means-for-price" rel="noopener noreferrer nofollow">Cardano</a> blockchain were reported in IOG's weekly report. 
 The Lace team released v.1.3, which introduces "ADA Handle" support for the regular and personalized handles, which users can test in the preview testing environment. Mithril is also approaching beta launch on the mainnet. 
 <a href="https://u.today/cardano-millionaire-whales-on-steady-buying-spree-as-ada-price-teases-next-move" rel="noopener noreferrer nofollow">card</a> 
 Cardano's innovation fund, Project Catalyst, saw the close of the proposal submission phase for Fund 10, with a whopping 1,577 proposals submitted. Proposal authors have until July 17 to edit their ideas before the final edit stage closes.
 </body>
</html>

Cardano Transactions Cross Big Milestone: Details

Table of Contents

U.Today

Other articles published on Jul 15, 2023

Permission Platform Feature Launch: Rewarded Surveys

Ripple CTO Missed Out on This Stock Following XRP Ruling

Crypto Lawyer Calls Out Bloomberg Columnist For Stance On XRP

Is Stellar (XLM) A Good Investment Option? Huobi Token (HT) Investors Wait For Gains While Tradec...

Ripple CEO calls XRP ruling a win for crypto industry

Exploring the Limitless Potential: DigiToads (TOADS) Sets Itself Apart as the Top Meme Coin Amids...

Join our free newsletter for daily crypto updates!