In September 2021, the Cardano (ADA) network underwent a major upgrade that included the addition of smart contract capabilities, enabling the blockchain to scale and process transactions faster. Despite a price decrease in 2022, the network has seen increased development since then.

Reports show that the number of smart contracts on Cardano surpassed 4,000 after the Vasil hard fork in September. Statistics from Cardano Blockchain Insights showed that the platform had reached 4,027 contracts on December 3.

As of December 4, the total number of Plutus-made smart contracts running on the Cardano blockchain had increased by 316% since the start of 2021, reaching 4,050. This is compared to the 947 smart contracts that were active on January 1 of this year.

After the Alonso hard fork was completed, Cardano provided the developer community with a platform for creating programs and DeFi applications.

Cardano’s team has been putting in a lot of effort recently, such as increasing script capacity, developing the Plutus Debugger MVP, and ensuring that full Babbage support will be included in the Plutus tools before its launch.

In November, Input Output Global (IOG), a Cardano builder, made history with the unveiling of the world’s first decentralized blockchain index. Moreover, a new resource section for Plutus DApp developers was established on the Cardano Docs website.