As of Friday (25 November 2022), there are 1,146 projects powered by Cardano, but thatās just the tip of the iceberg as far as good news you will hearing about in this article is concerned.
As Olga Hryniuk, who works in the Marketing and Communications department ofĀ IO GlobalĀ (IOG), the blockchain technology firm responsible for the development of Cardano ($ADA),Ā reportedĀ on 25 November 2022 in her companyās latest Cardano Weekly Report, there are currently (as of the date of the report) 106 projects launched on Cardano, 1,146 projects building on Cardano, 6.9 million tokens, and 3,759 Plutus scripts; also, there have so far been over 55.3 million transactions.
For the sake of comparison, here are the numbers that IOGĀ reportedĀ in the Cardano Weekly Report for the week that ended on 30 September 2022:
On Thursday (24 November 2022), two Cardano-powered projects ā Ardana and Orbis ā unexpectedly came to a halt, but this doesnāt seem to have dented the enthusiasm, passion, and optimism of the Cardano community presumably due to the rich depth of the ecosystem.
The two announcements came or less at the same time.
First, at 1:24 a.m. UTC on 24 November 2022, Orbis Labs, which is behindĀ Orbis ā āa layer 2 zk-rollup scaling solution on Cardano built to support decentralized finance applications and a thriving blockchain ecosystemā ā announced that it was āunable to continue buildingā:
Then, roughly 20 minutes later (i.e. at 1:44 a.m. UTC on 24 November 2022), theĀ ArdanoĀ team, which was working on āthe first all-in-one stablecoin ecosystem built on Cardanoā, announced that ādue to recent developments with regards to funding and project timeline uncertainty, the Ardana project has had to come to a haltā:
Here were a few reactions from the crypto community: