Cardano’s transactions surged 900,000 in the first eight days of the month to 30.4 million transactions with daily active accounts ranging between 150 to 200,000.
The news follows another announcement that the number of smart contracts had surpassed 1,000 for the first time in the network.
Cardano’s developer Input Output recently proposed an 11% increase in the protocol’s block size to 80KB from 72KB after the platform’s load jumped over 90%.
ADA surged in 2021 with the launch of the Alonzo hard fork, which introduced smart contract capabilities.
The upgrade was executed in the network’ Goguen era, which followed the Shelley era. The latter enhances decentralization and enables community members to act as validators.
The support for smart contracts has led to growth in Cardano’s DeFi apps, with more than $100 million in the total value locked. SundaeSwap, a recently launched DEX on Cardano, takes the largest share of the TVL.