Cardano native assets minted reach 5 million, ADA peaks 12%
The Cardano network has now seen the striking of over five million NFTs. According to pool.pm data, the number of native assets issued on the Cardano blockchain is currently 5,019,030, with 54,831 different coin policies.
— Jami | $thinkgrowcrypto (@thinkgrowcrypto) May 29, 2022
The Cardano blockchain can generate, interact with, and delete its own tokens (or “assets”). “Native” indicates that users can interact with these custom assets right out of the box, without having to use smart contracts.
In 2020, Cardano creator Charles Hoskinson predicted that the Cardano ecosystem would grow as there would be “hundreds of assets, thousands of dApps, tons of interesting projects, and many unique and usable.”
As previously reported by U.Today, Hoskinson backtracked on the 2020 forecast when he pointed out that millions of assets had been slammed on Cardano when he replied to a critic who believed the forecast had not materialized.
As per recent data from messari, Cardano records the highest 24-hour adjusted transaction volume. Adjusted trade volume remains a good way to isolate only the most important trades.
Cardano outperformed leading cryptocurrencies such as Bitcoin and Litecoin in adjusted transaction volumes, with a 24-hour volume of $9.15 billion. Cardano founder Charles Hoskinson recently shared this line while responding to a critic who called Cardano “Ghostchain.”
ADA increases by 12%
The ADA price tested lows of $0.44 on May 27 before recovering. At the time of publication, ADA was trading close to 12% at $0.516, marking the third consecutive day of positive price action. The recent price increase represents an increase of more than 33% from the lowest price this month of about $0.39.
Over the weekend, IOHK shared the latest statistics about the network. Currently, 986 projects build on Cardano, compared to 943 previously. In total, 88 projects have recently been launched on Cardano, while the number of NFT projects has increased to 5,727. For the week, there were a total of 3,028 Github connections.