Cardano Records 369% Year-to-Date Increase in Daily On-Chain Transfer Volumes

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Cardano Records 369% Year-to-Date Increase in Daily On-Chain Transfer Volumes
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ICYMI: Cardano has seen a 369% increase in daily on-chain transfer volumes year-to-date ADA $ADA CardanoADA

The Cardano founder, ostensibly pleased with the report, trolled critics by saying the rise in volumes was caused by"spookyalpha." He teased,"This is thanks to our new ghost generator that has dramatically increased ghost transactions...We call it SpookyAlpha."

As previously reported, while flaunting the increase in transactions on the Cardano network, Hoskinson jokingly stated,"Cardano uses Ghost Transaction: it is super effective." Cardano has faced significant criticism in the past, with one of the most common comparisons being to a"ghost chain.

As stated in the report, the next major milestone is the introduction of a new node for the Vasil upgrade, as well as the first release of the new CLI, which will contain the new Plutus capabilities. IOHK says the plan next week is to spin up a new Vasil developer testnet and collaborate closely with an extended group of developers and ecosystem partners on final testing to ensure ecosystem partners have the time they need before hard forking the main Cardano testnet.

IOHK also provided a chart with network growth information. Currently, 992 projects are building on Cardano, up from 986 previously. A total of 89 projects have recently been launched on Cardano, while the number of NFT projects has risen to 5,796. For the week, Github connects totaled 2,769, while Cardano native tokens stood at 4.9 million.

Also, the number of Plutus scripts was 2,769. ADA is currently trading at $0.563, down 4.49% in the last 24 hours.

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