Cardano (ADA), a key player in the cryptocurrency market, has shown outstanding progress in its ecosystem’s development, particularly in the surge of smart contracts on its platform. Since the beginning of the year, the network has experienced a significant increase in the number of Plutus scripts, the backbone of Cardano’s smart contracts. The total count reached 39,032 by March 19, marking a 171.45% growth from January 1, when it was just 14,379.

This expansion includes Plutus V1 scripts, now at 6,439, up by 2.27% from earlier in the year, and Plutus V2 scripts, which have seen a phenomenal rise of 303.23%, reaching 32,593. Daily, the Cardano ecosystem is adding around 495 new smart contracts, with 82 being Plutus V1 and 413 Plutus V2 scripts. This rapid development pace underscores Cardano’s robust growth and innovation within the cryptocurrency sector.

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