In the latest crypto news, the Cardano (ADA) network is currently increasing smart contracts at an unprecedented rate after its September update that sees it perform at a faster rate than ever before. Meanwhile, Seesaw Protocol (SSW) has seen its price increase over 640% in the first stage of its presale.
Plutus (a Cardano-based platform for smart contracts) has seen significant growth as a result of the upgrade on September 12, 2021. Notably, the network has only recently begun to accelerate, with the addition of more than 100 smart contracts in as little as two days.
Between January 30 and February 1, the network added 116 smart contracts, bringing the total to 1,127 as of the first day of February. It’s worth noting that the number of smart contracts increased steadily until they reached the 1,000 mark, at which point they experienced their fastest growth ever.
Cardano added a framework for developing decentralised finance (DeFi) applications with the update, while also making the platform more programmable for the developer community.
Despite the fact that the Cardano ecosystem has been upgraded numerous times, the adoption of smart contracts was a watershed moment.
It’s critical to remember that developer acceptance of Cardano and the number of decentralised applications (dApps) connected to the network are critical factors in determining the blockchain’s viability.
Seesaw Protocol (SSW)
Seesaw Protocol (SSW) has seen its price increase over 640% in the first stage of its presale.
According to Seesaw Protocol’s website, the price of SSW has already increased from $0.005 to over $0.041, that’s over 640% return in just a couple of weeks.
According to https://seesawprotocol.io
With this being the 1st presale stage, there is still plenty of time for SSW to continue its tremendous growth with now being the opportunity to get in early before its launch in April.
Seesaw Protocol (SSW) was founded on the principle of interoperability. Typically, transactions take place on a single blockchain, such as Ethereum (ETH) or Bitcoin (BTC), and no data or tokens can be transferred between blockchains. Seesaw Protocol, on the other hand, will act as a bridge between Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH), allowing holders to transfer tokens between the three popular blockchains.
By bridging multiple blockchains, Seesaw Protocol will enable holders to transfer value between different ecosystems at the best possible rates. It will do this by using the appropriate blockchain (depending on congestion).
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