The Cardano network continues to grow and has already achieved a critical milestone in terms of the number of projects built on the Cardano network. The number of projects built on the Cardano Network just topped 1,000. The total presently stands at 1003. An analysis of the types of projects being developed on the Cardano Network indicates that 40.4 percent of these projects are NFT collections, which is the largest number in the breakdown. The project with the second biggest percentage is Community and Social initiatives, which account for 6.0 percent of the network's 1,003 projects.
Despite the price drop and the crypto bear market, Cardano is becoming a popular blockchain development platform due to the team's high pace of innovation targeted at making the network the fastest, most performant network in the crypto sector. In addition, the team intends to install a series of enhancements in the next months that will increase the network's throughput, or transaction processing rate. This will make the network even quicker. The Vasil Hard Fork is one of the most significant changes on the way. Cardano (ADA) investors and the larger crypto community are looking forward to the Hard Fork Event.
Movement of Cardano since coming to the market. (Source: Trading Economics)
Sources:
https://tradingeconomics.com/adausd:cur
https://www.btcnewz.com/en/crypto-news/266282/number-projects-built-ada-network-surpasses-1000
https://coinquora.com/the-number-of-projects-being-built-on-ada-network-surpasses-1000/