The Cardano (ADA) ecosystem has experienced significant expansion in its smart contract capabilities throughout 2024. Plutus V2 contracts have particularly soared, jumping from 8,083 scripts on January 1 to 80,437 by September 18, marking an impressive increase of 72,354 contracts. This surge highlights Cardano’s growing influence in the blockchain sector.

Alongside the dynamic growth of Plutus V2, the Plutus V1 scripts have also continued to develop, albeit at a steadier pace. With an increase from 6,296 to 6,711 scripts this year, the persistent relevance of these original versions signifies a robust foundation for the ecosystem’s ongoing evolution.

Furthermore, the launch of Plutus V3 as part of the Chang hard fork and its initial deployment on the SanchoNet testnet underscore a significant enhancement in functionality. By late August, 18 new V3 scripts were active, contributing to a total ecosystem growth of 72,787 new smart contracts in 2024. This development not only reflects Cardano’s technological advancements but also reinforces its position in the forefront of blockchain innovation.

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