Cardano Reaches 100 Million Transactions Amid November Growth  

• Cardano achieved 100.57 million transactions, growing by 2.65 million in November, highlighting its expanding ecosystem and network activity.  
• The network added 603 projects, increased native tokens by 80,000, and introduced key updates, signaling robust development.  
• Cardano’s constitution approval and upcoming governance votes set the stage for significant blockchain advancements in 2025. 

Cardano (ADA) has reached a significant milestone, surpassing 100 million transactions as the network continues to expand and gain adoption. November proved pivotal for the blockchain, with Input Output Global (IOG), the developer behind Cardano, reporting a total transaction count of 100.57 million by the end of the month. This growth reflects an increase of 2.65 million transactions within the month, showcasing the platform’s heightened activity and utility. 

November Fuels ADA Price Surge  

The notable rise in Cardano’s network activity coincided with a substantial increase in ADA’s price. During November, the cryptocurrency experienced a remarkable 216% surge. Besides this price rally, the network also saw an increase in projects and ecosystem activities, underlining its growing appeal in the competitive blockchain space.  

Cardano’s ecosystem witnessed significant growth in November. The number of Cardano-based projects reached 1,979, including 603 new initiatives. Additionally, the number of token policies grew by 10,132, while native tokens issued increased by 80,000. Plutus scripts also rose, with 9,102 added, bringing the total to 100,800.  

Moreover, the development team made strides in improving the network. The release of Node v.10.1.2 facilitated the Chang #2 hard fork, with a minor update, Node v.10.1.3, addressing specific issues. The announcement of Plan 529, named after Epoch 529 starting on December 20, set the stage for critical governance actions expected in January 2025.  

Governance and Catalyst Voting

Cardano’s governance efforts saw progress with the approval of the Cardano Constitution. This significant step will lead to a community-wide vote for on-chain ratification early next year. Additionally, Fund13 voting for Project Catalyst, a community-driven initiative to fund innovative proposals, began on November 28, marking another milestone in decentralized governance.  

In a move to honor Matthew Plomin, a key figure in the blockchain industry who passed away in November, the hard fork working group proposed naming the second hard fork in the Chang upgrade as the “Plomin hard fork.” This proposal has been adopted, reflecting the community’s respect for Plomin’s contributions.