The Cardano chain is experiencing increased transaction activity as a result of its unique technology, commitment to sustainable development, and strong community support. Rapid growth in dApps like Minswap and development utilizing the Plutus language are expected to drive further progress for the Cardano chain, attracting the interest of many people. Cardano is a blockchain platform that supports decentralized applications (dApps) and smart contracts. It adopts unique technology focused on energy efficiency and scalability, as well as a commitment to sustainable development. Let’s look at the factors behind the increasing transaction activity on the Cardano chain.
1. Cardano’s Evolving Roadmap
Cardano is developed according to a regularly updated roadmap. This allows new technologies and features to be added sequentially, promoting the growth of the platform. For example, a recent update introduced support for smart contracts. This is expected to enable developers to build their dApps on the Cardano chain, leading to increased transaction activity.
2. Rapid Growth of dApps
Various dApps are emerging on the Cardano chain, with Minswap being the largest. Minswap is a decentralized exchange (DEX) operating on the Cardano chain. In the past month, its Total Value Locked (TVL) has increased by 21.84%, reaching $55.96 million. This rapid growth demonstrates the increasing vibrancy of the Cardano chain.
3. Development Promotion Through the Plutus Language
Cardano uses its own smart contract language, Plutus. Based on the Haskell language, Plutus boasts excellent robustness and security. This allows developers to build safe and efficient dApps and smart contracts. Cardano also offers educational programs and support for developers to encourage the adoption of Plutus, leading to more developers working with the Cardano chain.
4. Strong Community Support
Cardano has a passionate community worldwide. This community not only contributes to the project’s development but also helps increase transaction volume on the Cardano chain. Community members propose new ideas and support the project’s growth, playing a vital role in the platform’s activation.
The Cardano chain is experiencing increased transaction activity due to the interaction of its unique technology, commitment to sustainable development, and strong community support. With the rapid growth of dApps like Minswap and development using the Plutus language, further progress is expected for the Cardano chain, attracting the interest of many people.
Minswap : Total Value Locked (TVL) [Data source] https://app.minswap.io/
Cardano Roadmap [Official website] https://roadmap.cardano.org/