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    Home»Altcoins»Experts noted the growth of the Cardano network in October
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    Altcoins

    Experts noted the growth of the Cardano network in October

    AdministratorBy Administrator01.11.2022No Comments2 Mins Read
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    Representatives of Cardano Corporation congratulated Twitter users on Halloween. Along the way, they shared network statistics for October 2022. According to the data presented, the number of transactions in the ecosystem reached 53.3 million, up 4.18% compared to August.

    Notably, the number of wallets participating in staking also increased by 0.35% to 1.22 million. About 27% of all transactions on the network were carried out using smart contracts, which is 2% more than in September. IOHK developers shared statistics that currently about 1120 crypto projects are built on the basis of the Cardano system. At the same time, the total number of Plutus scenarios was 3531.

    For reference, a large-scale technology conference Web Summit will soon take place in Lisbon, in which the head of Cardano Charles Hoskinson will take part. As of November 1, 2022 at 18:00 Moscow time, ADA coin quotes are at $0.4026.

    Over the past 24 hours, the asset has added 0.13% in price, and the market capitalization amounted to $13.8 billion. Against this background, the cryptocurrency continues to hold the 9th line in the capitalization rating.

    Earlier, the Crypto.ru editors informed: Changpeng Zhao, head of the Binance crypto platform, shared his opinion that in the foreseeable future, the Twitter platform will support several digital currencies at once and will not be limited to Dogecoin and BinanceCoin.

    The specialist also believes that supporting only one crypto asset would be a strategically wrong step. Changpeng Zhao believes that now Elon Musk is more focused on organized moments. It is unlikely that Twitter will work on a large-scale integration of cryptocurrencies on its basis in the near future, Zhao emphasized.




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