With over 350 commitments made in the previous month, Cardano has demonstrated the most development activity in the sector, surpassing projects like Kusama and Polkadot. Ethereum and Solana, both of which have received over 270 commits, are other significant projects near the top.
Since dropping the smart contract update, the network has consistently been one of the most actively developed projects in the whole industry. Cardano has been introducing a significant number of new initiatives, updates, and solutions since the beginning of 2022.
Stake pool operators on Cardano node 1.35 were upgraded as one of the most recent updates. The most recent node version is now a contender for the mainnet Vasil hardfork’s final release thanks to the latest update. All the upgrades and corrections will have a gentle and stable launch of Vasil with the start of the node network.
eUTxO blockchain explorer, which has received praise from the project’s founder, Charles Hoskinson, and decentralised projects like Wingriders, are just a couple of the smaller solutions that Cardano continues to support in addition to the network’s ongoing updates, which are about to receive a significant Vasil upgrade.
Cardano fails to demonstrate any positive changes on the cryptocurrency market despite active fundamental development, as the coin that powers the blockchain has been sharply declining over the last 300 days of trading.
One of the least profitable assets in the whole sector, Cardano has lost more than 84 percent of its value since September. Unfortunately, despite frequent updates and increasing network usage, there have been no signs of a reversal on the market.
Read more: Cardano CEO Charles Hoskinson spoke on crypto regulation in the U.S. House of Representatives Committee
