CandleFocus Cardano (ADA) Prints Mega Transaction Record in October: Report
2024-11-05
Author: Content Editor
In October, Cardano (ADA) experienced a significant increase in transaction volume, indicating growing interest in the Cardano ecosystem. The network's activity was boosted by its Hydra scaling solution and Plutus smart contracts. The token's policies and native tokens minted rose significantly, while Plutus scripts and transactions also saw substantial growth. The Cardano development team is now focusing on improving scalability to handle the increased transaction volume. Furthermore, the Mithril team released an update that provides stable support for decentralized signature orchestration. Cardano Founder Charles Hoskinson emphasized the network's commitment to ongoing upgrades and its potential to become the blockchain of choice for a nation-state. The price of ADA saw a small increase of 0.37% to $0.3321.
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