Cardano (ADA) has followed the general trend in the market and records losses across the board. The seventh crypto by market cap trades at $1.22 with a 2.2% and 10% loss in the past 24 hours and 7 days, respectively.
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However, Cardano continues to be one of the most active ecosystems in the crypto industry. This won it the title for most active project on GitHub in 2021 as developers rushed in to explode its smart contract and interoperable capabilities.
As the Marketing and Communications Director for Input Output Global (IOG) Tim Harrison reported, the Cardano project has over 67 active repositories, with 106 releases, over 38,000 GitHub commitments, and more. Harrison wrote the following giving credit to the community:
(Cardano) is the most active project to date. That’s just core work. With community tools, scripts, APIs & a fast expanding dApp ecosystem, there are 100s more repos out there, steadily filling with code from every corner of the community.
Still, the network has seen backlash from users and critics claiming that it has failed to quickly introduce dApps, and projects capable of leveraging its smart contracts capabilities. Deployed with Hard Fork Combinator (HFC) event “Alonzo”, these capabilities have been lived for over four months.
In that sense, IOG released a list with the projects already building use cases on Cardano which included: decentralized exchanges (DEX), identity, blockchain…