Over 2,300 Cardano Smart Contracts are waiting in the Timelock, ADA price slips by 20% within 2 weeks

After the successful Alonzo-Hard Fork, the Cardano network now has a variety of new smart contracts. However, developers have to wait to use them because they are blocked in a timelock contract. At the time of writing, the metrics show a total of 2,352 smart contracts since the Alonzo upgrade was implemented.

Cardano has more than 2,300 smart contracts that are waiting to be provided

the Cardano ( ada updated last week and since then the latest conversation under ada Smart contracts are supporters. The use of smart contracts in the Cardano network was a kind of holy grail for ada fans and even skeptics.

critics asked why ada was the third largest crypto-asset after Market capitalization long before the Smart Contract functions protocol had. Meanwhile, networks such as Terra, Avalanche, Solana, Binance Smart Chain, and more have won on trips because they are already compatible with the advantages of Ethereum and Smart Contracts.

data shows on 17.09.2021 there is now 2.352 Smart Contracts introduced into the Cardano protocol, but at the moment the contracts are unusable and are blocked in a timelock contract.

Waiting for smart contracts can have a negative impact on the price of Cardano

While the skills are available, developers must essentially wait to provide decentralized financial projects (Defi), decentralized applications (DAPPS) and other concepts such as tokenization and not fungal tokens (NFTS). A number of projects are ready to use new logs and ideas, such as cardax , LiQwid , and singularity network . It is possible that waiting for these intelligent contracts ada markets negative.

cardano ( ada ) is still the third largest market rating of all existing cryptos. Since the upgrade, however, the seven-day statistics have shown a loss of 6% in Ada The FIAT value and the 14-dails show ada has lost 20.2%. Metrics also show that 57.16 % of all ada Trades are exchanged with tetherget ( usdt ).

It follows Busd (9.22 %), btc (9.10 %), USD (6.59 %) and EUR) (4.69 %). ada has been at 3.09 USD per unit on September 02 September 2021 by 23.5% sunk.

What do you think of the smart contracts from Cardano and how do developers have to wait to use them? Let us know your opinion on this topic in the comments below.

Photo credits : Shutterstock, Pixabay, Wiki Commons, SmartContracts.verCel.App, tradingView,