In 2024, Cardano's smart contract capabilities have experienced significant growth. Specifically, Plutus V2 contracts have seen a massive increase from 8,083 to 80,437 contracts. Additionally, Plutus V1 scripts have also seen steady development, increasing from 6,296 to 6,711 contracts. The latest upgrade, Plutus V3, has officially launched, bringing substantial improvements to Cardano's smart contract functionality. The overall smart contract ecosystem on Cardano has expanded by 72,787 contracts in 2024. These advancements have enhanced the performance, security, and interoperability of the Cardano blockchain. The early deployments of Plutus V3 are highly anticipated, as they are expected to unlock more powerful and sophisticated contract capabilities while reducing development costs. Cardano's price has seen some upward movement, currently trading at $0.3484, although it still faces challenges in regaining a position in the top 10 cryptocurrencies by market cap.



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