Home Crypto Startup News News IOHK Report Shows There Are Now 1,287 Projects Building on Cardano

IOHK Report Shows There Are Now 1,287 Projects Building on Cardano

Published Sep 29, 2023

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Nwani MishaelAuthor

Input Output Hong Kong (IOHK), a blockchain-focused research and engineering company developing the Cardano network, has released its latest development report. The data reveal that 1,287 projects are building on the proof-of-stake-powered Cardano blockchain.

More Projects Are Building on Cardano

Comparing the recent data with last month’s record, the layer-1 blockchain has seen the onboarding of exactly 10 new projects. In late July, IOHK’s statistics showed that 1,265 projects were being built on Cardano.

IOHK’s development report also reveals other key highlights. One of them is the ongoing work on core technology enhancement, part of which involves infrastructure improvements that bolster developer and user experiences.

The research firm revealed that Lace, a light wallet built on the Cardano blockchain, developed new functionalities and repaired existing issues with its user interface. One of the features developed is the decentralized app store development.

This week, the Marlowe team added some updates like the Docker support to the Marlowe oracle, node dependencies, and Marlowe Runner. There were also enhancements to the ts-sdk importing processes. These features will make it easier for developers to write smart contracts on the layer-1 network.

Other highlights within the weekly development update include the roadmap development on SanchoNet and news about the Education team gathering feedback from participants from the Cardano Days event.

Cardano’s Recent Performance

For over a year, Cardano’s liveliness has been questioned by members of the crypto community. Some of the matters giving rise to the concerns are the network’s smart contract delay, poor developer experience, and a low record of transactions per second (tps) compared with those of other networks.

Despite the issue, the network appears to be resilient as its native cryptocurrency, ADA, ranks as the eighth-largest crypto asset by market capitalization.

At the time of writing, ADA trades at $0.25, representing a 2% increase over the past 24 hours.