HomeCrypto NewsMarketCardano Native Tokens Surge By 239K In One Week

Cardano Native Tokens Surge By 239K In One Week

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Cardano’s native tokens have been growing at an unprecedented rate.

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The number of native assets minted on the Cardano blockchain has surpassed 7.1M. According to data shared by Input Output Global (IOG), Cardano’s development team, a total of 7.11 million native assets have been minted on the popular blockchain.

Data on pool.pm shows that there are now 7,139,450 native assets on the Cardano network. Interestingly, the feat comes a week after the IOG revealed 6.9M native assets had been minted on Cardano. So in one week, 239.45K assets were minted on Cardano.

Hoskinson’s Prediction Came True

It is worth noting that Charles Hoskinson predicted the tremendous growth of Cardano’s native assets. Hoskinson said in a 2020 tweet that hundreds of assets and thousands of decentralized applications would run on Cardano by 2021.

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“This time next year, I predict that there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects, and lots of unique utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is ready to innovate,” he said in 2020.

Interestingly, Cardano surpassed Hoskinson’s prediction regarding the number of native assets on the network. The popular cryptocurrency entrepreneur took to Twitter to slam a critic who trolled him for not delivering on his promises.

“Cardano has 6 million native assets issued, 3.6 million wallets, over 100 decentralized applications launched, and more than a thousand [are still] building. So yeah, it came true,” Hoskinson said.

EMURGO to Launch First Regulatory Compliant Stablecoin on Cardano

Meanwhile, Cardano’s commercial arm EMURGO announced last month that it would launch the first USD-backed regulatory-compliant stablecoin, dubbed USDA, on the blockchain. According to the announcement, EMURGO will launch the stablecoin in the first quarter next year.

The stablecoin will combine the security of the dollar and the scalability of Cardano, the announcement read.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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