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Number of Cardano Smart Contracts Grows Over 300% in 2022

Since the introduction of the smart contracts feature on the Cardano (ADA) network, the metric is recording increased growth helping the network inch closer to battling established platforms such as Ethereum (ETH).

As of November 26, the total number of smart contracts based on Plutus, a smart contracts platform by Cardano, stood at 3,791. The value represents a growth of 300% or 2,844 in 2022 after recording 947 smart contracts on January 1, data retrieved from Cardano Blockchain Insights shows.

(By Paul L.)

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