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Cardano Smart Contracts Hit Record High, Positioning ADA for Resilience Against Market Turbulence

The number of smart contracts on Cardano is rising, with the latest on-chain data from Blockchain Insights showing that the figure was at 5,006 on February 2 and 4,000 as of December 3. It means the blockchain has added roughly a thousand more programs in under two months, pushing the value of its native token ADA upwards.

The data from CoinMarketCap shows that ADA was up +0.4% in the past day and +5% in the last week at the time of writing. From the monthly chart, the cryptocurrency has climbed 55% to trade at $0.40. Although the gains come amid a market-wide crypto recovery, Cardano’s advancement is positioning the blockchain for resilience against market turbulence.

Cardano Cardano $0.91
-10.06%
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