Cardano Spikes In the Second Quarter of 2023

August 8, 2023

  • Cardano saw a 49% increase in the number of transactions on its network in Q2 2023, compared to Q1 2023.
  • The growth was driven by the launch of smart contracts on Cardano in April 2023, which enabled developers to create decentralized applications (dApps) on the platform.
  • Cardano also witnessed a surge in social media sentiment, as measured by the LunarCRUSH index, which tracks the popularity and engagement of crypto projects online

Cardano’s founder, Charles Hoskinson, said that the platform is on track to achieve its vision of becoming a global social and financial operating system that can empower millions of people. Cardano is currently the fifth-largest cryptocurrency by market capitalization, with a value of over $10 billion.

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