Recent improvements on the Cardano blockchain have seen a rise in DeFi and smart contract activity. The blockchain’s smart contract activity has surged, with the network now implementing over 2000 smart contracts.
Cardano has crossed 2,000 smart contracts for the first time in blockchain history. This is in response to criticism from critics of the network’s lack of activity after last year’s Alonso testnet upgrade.
Along with the rise in smart contract numbers, the chain’s DeFi activities experienced a considerable boost in TVL (Total Value Locked) in March. TVL is a critical parameter of importance in DeFi. Since the start of 2022, Cardano TVL has grown 39,000 percent.
Despite these advances, it seems as if the Cardano team is still focused on development. In June, the ‘Vasil hard fork’ will be deployed. This hard fork aims to improve the performance of platform transactions while simultaneously improving liquidity and volume.
Cardano ($ADA) has risen 30% in the previous month, from $0.89 to $1.16. Cardano remains less than half the price of its all-time high of $3.10.
Snoop Dogg and Cardano
Snoop Dogg has announced a collaboration with Cardano NFT venture Clay Mates. This follows his outpouring of confidence for the NFT and metaverse sectors as a whole. He is particularly interested in Ethereum-based projects.
Snoop Dogg will collaborate with his son, Cordell Broadus, dubbed Champ Medici by the NFT community, on an NFT collectibles drop. Additionally, the Clay Nation clayverse will get a new unique map section dubbed ‘Baked Nation.’
Champ Medici, who was apparently in the planning and research stages before announcing this cooperation, said on Twitter, “I didn’t realize the CNFT community was that deep,” an incredibly positive comment about the field from a significant individual.