More than 1.7k Smart Contracts have been deployed on the XinFin XDC Network

The XinFin XDC network has experienced unprecedented growth, with the new smart contracts functionality attracting even more developers.

The growing number of smart contracts on the XDC Network confirms that the network will likely emerge as a key competitor to Ethereum, eventually dominating the market. The XDC Network is completely Ethereum Virtual Machine (EVM) compatible, attracting a huge community of Ethereum developers and encouraging numerous Dapps established on the Ethereum Network to transfer to XDC. Other factors that make it appealing to develop on the XDC Network, dubbed “The Latest Ethereum Killer,” include near-zero gas expenses, 2 second transaction times, the lowest energy usage blockchain network, and 2000 TPS.

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Despite the fact that the XDC Network is a relatively unknown blockchain network, the expansion of the smart contract is an important milestone as the network strives to become the go-to blockchain for the development of decentralized apps.

Following the November Andromeda upgrade, XDC Network implemented a number of initiatives to entice developers.

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The smart contract is one of the most recent improvements to help the XinFin XDC network gain traction. XDC Network, along with Cardano and Polkadot, is one of the most developed cryptocurrency projects on Github in 2021.

The advantages of the XinFin XDC Network over Ethereum have attracted more projects. Two more DEXs for all XRC20 Tokens will be added to the XDC Network in the near future. BlocksScan Explorer has confirmed over 1.7k contracts and 1 million active wallets on the network. The website XinFin.org introduced a resource and toolkit link for developers: https://xinfin.org/xdc-chain-network-tools-and-documents. This page provides comprehensive information on the various development resources and tools required to deploy dApps and smart contracts on the XDC Network. Developers are also drawn to the XDC Network because of project funding and grant support.

Backers of the XinFin XDC Network believe that the network’s continual renovations and acceptance will catalyze the rise of XDC, the network’s native token. According to Coinmarketcap, the 24-hour volume climbed by 42.28 percent at the time of writing, when the price was $0.083.