Key Points: In 2022, Cardano was the most active blockchain technology in terms development. It is followed by Polkadot DOT and Cosmos ATTOM.
Despite being sixth in terms return on investment (ROI), the Cardano team’s development activity rate rates were the highest of all protocols during the entire year 2022.
The majority of cryptocurrency market is still trying to recover its value after the FTX crash. However, Cardano (ADA), which has undergone a major Merge upgrade this year is now in fourth position. The Cardano team’s 2022 development activity rates were the best among all protocols, despite ADA being sixth in terms ROI (return on investment) after the token sale. Cardano’s core network operations saw tremendous growth in 2022. Its smart contract feature accounted for a 394% rise over 2021, reaching 4,445 contracts as of December 16. Additionally, Cardano founder Charles Hoskinson revealed that his team was currently working on Midnight. This new privacy-focused blockchain promises to solve the problem of smart contract confidentiality. Previously, Cardano engineers revived the Djed stablecoin’s testnet version, which offers additional capabilities including compatibility with the Vasil hard fork, which was deployed in late September and brought better smart contract capability.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comChubbiCoincu NewsTags: ADABlockchainCardanocrypto