Cardano reaches new milestone in building number of projects: details
cardano has reached another milestone as the number of projects being built on the platform has surpassed 1,000. According to recent data shared by Cardano’s parent company, IOHK, the number of projects built has risen to 1,003, up from 992 over the weekend.
1003!
There are so many projects currently #BuildingOnCardano
Join @Consensus2022 or free #CardanoAtConsensus meetup in Austin on 6/08 & connect with some of the people behind some of #cardanoexciting projects!
Register here: https://t.co/Jw4PE2ZI2a pic.twitter.com/5nzigL8alD
— Input Output (@InputOutputHK) June 6, 2022
In its most recent weekly report, IOHK provided the latest network growth statistics, indicating that a total of 89 projects have recently been launched on Cardano, while the number of NFT projects has risen to 5,796. Cardano’s native tokens have also crossed 5 million.
Cardano faces institutional influx
Cardano is seeing an influx of funds from institutional investors as demand for the network increases ahead of the Vasil Hard Fork scheduled for June 29. Over the weekend, on-chain analytics firm Santiment reported that large numbers of whale transactions have begun to appear on the ADA network, leading to a surge in ADA prices.
On June 6, ADA price recovered a whopping 15% in the crypto market’s latest recovery, before cutting profits to trade at $0.587.
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Grayscale has increased their mapping to: #cardano in their Smart Contract Platform Ex-Ethereum Fund. now 32.33%
This speaks volumes.$ADA pic.twitter.com/GOjREavzp6
— Dan Gambardello (@cryptorecruitr) June 6, 2022
Founder of crypto equity company Dan Gambardello reports that asset manager Grayscale has increased its exposure to Cardano.
In late March, Grayscale Investments announced the launch of the Grayscale Smart Contract Platform Ex-Ethereum Fund (“GSCPxE” or the “Fund”), its 18th investment product and third diversified fund offering.
The fund offered investors exposure to projects such as Solana, Polygon, Avalanche and others.
Cardano then had the fund’s largest weighting at 24.63%, but now that figure has risen to 32.33%, according to Gambardello.
