$ADA: Cardano’s Latest Monthly On-Chain Stats Are In, and the Numbers Are Far From Scary

On Monday (31 October 2022), i.e. Halloween 2022, Cardano Foundation announced the on-chain stats for October, and thankfully the numbers were healthy enough not to scare any $ADA HODLers.

Cardano Foundation is “an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.” It is the legal custodian of the Cardano brand and it collaborates with IOG and EMURGO to “ensure that Cardano is being developed and promoted as a secure, transparent, and accountable solution for positive global change.” Cardano Foundation “sets the direction for decentralized economic empowerment, working with regulators in different jurisdictions to shape blockchain legislation and commercial standards, and empowering the Cardano community to leverage the Cardano protocol to solve real-life problems.”

Cardano Foundation celebrated Halloween this year by sent out a tweet to its over 850K followers that showed how the number of native tokens, the number of wallets, the number of Plutus scripts, the number of transactions, the number of delegated wallets, and the number of policies had all gone up in October 2022:

This was that these metrics looked like for September 2022:

Charles Hoskinson, Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s R&D, said recently that in the long term Cardano will evolve into “a network of blockchains.”

According to a report by The Daily Hodl, in a video released on October 25, Hoskinson made the following prediction:

Cardano will eventually be a network of blockchains so it’s not just going to be Cardano, but when you think about the sidechain side of things, there’s potentially going to be dozens, potentially hundreds of sidechains running in parallel all tuned to pacific things. So it’s like ‘The Borg’ going around and absorbing technology, every sidechain is a blockchain and blockchain partnership.


Image Credit

Featured Image via Pixabay

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