The Cardano ($ADA) network has already processed over 30 million transactions, a significant milestone that comes after the total number of smart contracts on the network surpassed 1,000 for the first time. According to Cardano blockchain insights published on Google’s Data Studio, the Cardano network has now completed over 30.4 million transactions and has between 150,000 and 200,000 daily active addresses. In the first eight days of this month, the Cardano blockchain, for example, saw approximately 900,000 transactions. The Price Roll-Out Started With the Alonzo Update Last year, the price of ADA skyrocketed after the Alonzo hard fork, which introduced smart contracts to the network and allowed it to compete with other blockchains like the Binance Smart Chain (BSC), Ethereum (ETH), and Solana (SOL). The Alonzo hard fork is part of the network’s ‘Goguen’ era, which is named after Joseph Goguen, a computer science professor at the University of California and Oxford. After the Shelley phase, when Cardano became a decentralized blockchain and community members became validators, the Goguen age began. With the introduction of smart contracts, the decentralized finance (DeFi) industry arose, with almost $100 million in total value locked, the majority of which is held on the decentralized exchange SundaeSwap (SUNDAE). After the network’s load reached 90%, Cardano developer Input Output advocated expanding the network’s block size...
