Wow! Over 500 Projects Started On The Cardano Network

Hundreds of projects using the Cardano network (Photo; Quantitatives - Unsplash)

JAKARTA – After the successful launch of smart contracts in 2021, interest in Cardano has increased significantly. This was conveyed by the IOHK (Input Output Hong Kong) recently.

Meanwhile, in September 2021, Cardano also managed to release the Alonzo mainnet upgrade. This was part of the development of Cardano in the Goguen era. The most important program in that era was the implementation of smart contracts.

CryptoPotato reports that since then, the network underwent another important upgrade and saw important developments being made. One of them is the first scaling solution based on ZK Rollups – Orbis.

Tim Harrison, Director of Marketing and Communications, stated that this is what has led to many projects being built at Cardano. In addition, Harrison also announced the inclusion of hundreds of important projects into the Cardano network in a LinkedIn post on March 11.

“The Cardano ecosystem continues to grow, with now more than 500 projects built on Cardano – from NFT pools to DeFi loans and new wallets. Props to all the IOG teams who continue to push the platform forward," said Harrison.

He stated that this was an important milestone for the developer. Harrison didn't want to brag, he said it was still in the early stages.

“It has been an incredible journey to get here. And kudos to the innovative and passionate community of builders who have brought this project so far. We're really just getting started, you know," he added.

In addition, he also included a diagram entitled “Projects Built on the Cardano Network”. In the diagram, the NFT project is the largest project at 34.7 percent. While the decentralized exchange or Decentralized Exchange (DEX) is about 6.2 percent.

Meanwhile, the NFT, Wallet, and Gaming marketplace projects are only 4.7 percent. Defi projects are 2.9 percent, Lending and Incubator or Launchpad are 2.7 percent. And lastly 1.6 percent for audit and certification projects.