Cardano (ADA) Network Transactions Grew 1.51% in August to 95.9 Million, Wallets Increased by 0.67% to 4.87M: Cardano Foundation

Cardano Foundation shared on-chain stats for the past month of August 2024. In its tweet, the Cardano Foundation highlighted steady growth across the

Cardano Foundation Highlights August 2024 On-Chain Stats

Cardano (ADA) network transactions, wallets and native tokens continue to grow.

Cardano Foundation shared on-chain statistics for August 2024, highlighting the network’s performance metrics.

The foundation shared an image of the statistics in a tweet on Sept. 4.

Cardano Network Transactions, Wallets, Native Tokens Continue to Grow

Cardano network transactions increased by 1.51% in August, reaching 95.9 million. The number of wallets also grew by 0.67% to 4.87 million, while delegated wallets increased by 1.33 million by 0.98%.

Plutus scripts grew by 0.75% in August to 6,709 while native tokens have increased by 0.85% to 10.3 million.

Cardano Keeps Growing

Cardano developer Input Output Global (IOG) also shared an August development update in a separate tweet, revealing major highlights for the month.

The Cardano ecosystem continues to expand, with 1,373 projects currently building on Cardano as of Aug. 30, 2024. The number of token policies increased by 8,375, and the number of minted native tokens increased by 110,000.

Plutus scripts grew by 5,995 to a total of 74,729. The total number of transactions increased by 1.5 million over the last month.

August also saw several key developments, releases and milestones toward the Chang upgrade.

The ledger team continued working on the Conway ledger era and testing to ensure a smooth experience for users after the first stage of the Chang upgrade.

The Lace team launched Lace v.1.14, offering enhanced wallet functionality and ensuring improved user experience.

The Plutus team completed conformance testing for all remaining Bitwise primitives (CIP-0122 and CIP-0123), including integerToByteString and byteStringToInteger, enabled with the first stage of the Chang upgrade.

The Hydra team released version 0.18.0, which includes incremental decommits. It also worked on supporting Hydra Doom, ensuring compatibility with upstream dependencies.

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