The Cardano (ADA) network saw a significant update in September 2021 that brought the ability for smart contracts, allowing the blockchain to scale and function more quickly.
Despite a price drop in 2022, Cardano network development has increased.
After the Vasil hard fork in September, Plutus Scripts, a platform for Cardano-based smart contracts, swiftly surpassed 4,000 smart contracts.
On December 3, 4,027 Cardano smart contracts had been created.
There are now more than 4,000 Cardano-based smart contracts.

SourceFinbold