- Development on Cardano has increased significantly.
- The POS chain has surpassed expectations by adding over 1,000 smart contracts to its network.
- Cardano is now partnering with a Swiss fintech company to empower DeFi development on its network.
The Cardano development team is dedicated to expanding and enhancing the capabilities of its network. In 2023, the Proof-of-Stake (POS) chain made a lot of progress in solidifying its reputation as a prominent player in the DeFi space, surpassing expectations by deploying over 1,000 smart contracts.
To keep the momentum going, Cardano has partnered with one of Switzerland’s most reputable fintech firms to further increase smart contract development on its network and make Cardano-based DeFi services available to more users.
Expanding Cardano’s DeFi ecosystem
On May 19, Acredius, a Swiss fintech company, announced on Twitter that it is launching a DeFi protocol in collaboration with the Cardano Foundation on the POS network. The Web3 company plans to leverage Cardano smart contracts to expand its fundraising business as part of its “commitment to providing cutting-edge technology and solutions for its users.”
