With the rise of on-chain indicators, Cardano is experiencing strong momentum.

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ADA-5,84%

Gate News bot message, the Cardano (ADA) ecosystem continues to rise steadily. Currently, the platform has 2004 active projects, of which 820 focus on non-NFT applications and 1184 are centered around NFT.

The number of entrusted wallets has reached 1.33 million, with a week-on-week rise of 0.04%. Meanwhile, the total amount of native tokens has increased to 10.83 million, and the number of token strategies has reached 216,879.

On-chain activities are also showing a recovery trend, with the number of Plutus scripts increasing to 138,365, of which 7,213 are written in Aiken. The total transaction volume has risen to 110,430,000 transactions, with a month-on-month increase of 0.20%. The number of registered DReps has reached 1,352, with a month-on-month increase of 0.44%. GitHub activity has also significantly increased, with a total of 278 code submissions, marking a rise of 32%.

Source: Coindoo

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