With over 350 commits in the previous month, Cardano has displayed the most development activity in the crypto sector, leaving behind projects like Kusama and Polkadot. Ethereum and Solana, each with over 270 commits, are other remarkable projects.
Cardano continues to grow in prominence.
Even before the smart contract update was dropped, the network has always been one of the most active projects in the crypto sphere. As of early 2022, Cardano has launched many new projects, upgrades, and fixes.
On Cardano node 1.35, the stake pool operators received an upgrade. Node version 0.9.9 is now a candidate for the final mainnet Vasil hardfork release, thanks to the latest upgrade. Vasil’s soft and stable launch will be made possible by introducing the node network and all subsequent upgrades and repairs.
Additionally, Cardano continues to encourage smaller solutions such as the eUTxO blockchain explorer, which has received acclaim from the project’s inventor, Charles Hoskinson, and decentralised initiatives such as Wingriders.
The market’s performance has not improved.
Cardano’s underlying cryptocurrency has been in a steep slump over the previous 300 days of trade. It has been unable to demonstrate any positive movement in the cryptocurrency market.
Cardano’s price chart. Source: TradingView
Cardano’s value has dropped by 84% since September, making it the least lucrative asset. Despite regular upgrades and increasing network use, the market has not seen any signs of a turnaround. At the time of this writing, ADA is trading at $0.49.