Cardano has achieved a significant milestone, with total network transactions surpassing 110 million, marking a historic moment in its evolution and adoption.
According to a recent weekly report by Input Output, Cardano continues to expand consistently across key ecosystem parameters. The network has processed 110.63 million transactions, with on-chain activity up 0.19% from the previous week.
The total number of projects has reached 2,003, and the total number of delegated wallets has also increased.
Smart contract development also continues to grow, with 138,544 Plutus scripts and 7,350 Aiken scripts now live, indicating 0.14% growth from last week. Governance participation has hit a new high, with 1,365 DReps, 972 of which are active. Developer contributions remain high, with 210 GitHub commits, a 24% increase from last week.
Cardano prepares for intra-era hard fork
In its most recent report, Input Output revealed that preparations have begun for an intra-era hard fork later this year.
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Zooming in, the Cardano ledger team spent the last four weeks modernizing the codebase, reducing technical debt and preparing for the anticipated intra-era hard fork. A significant emphasis was placed on CDDL enhancements, resulting in improved readability and the correction of long-standing errors dating back to the Byron period. In addition, one more bug has been fixed in preparation for the hard fork, and preliminary work on nested transactions is currently underway.
In the coming days, key improvements are anticipated for the Cardano node as the network moves toward a more diverse and modular node ecosystem design for improved stability and scalability. These include: log-structured merge (LSM) trees for memory efficiency, revised stake pool incentives for diversity, anti-grinding measures for consensus layer strength and tiered pricing for predictable transactions.
