There is some good news in the crypto market, which is experiencing severe volatility. According to Jordan Major and Finbold, Cardano has added more than 2,000 new wallets every day in the previous 30 days. Since completing a big update in September 2021, the Cardano (ADA) blockchain ecosystem has maintained its phenomenal expansion.
Cardano’s (ADA) blockchain ecosystem is rapidly expanding. With more than 2,000 new investors registering every day in the previous 30 days, this success can be measured in regards to new and improved features, as well as buyer interest.
According to data, there have been 3,268,890 ADA holders on April 19. In comparison to 3,339,101 on May 19, this data reveals an increase of 70,211 between both two days. Furthermore, ADA Blockchain Insights said that the statistics suggest 2,340 new holdings every day.
Whale transactions in Cardano reached a four-month high as major investors purchased the drop. Cardano whales were at their most active on May 13 since January, when ADA’s price hit a low of $0.40 on May 12. ADA, for example, had 1,085 transactions valued at over $100,000, indicating that both major and small investors are interested.
As additional developers join the network, the network has contributed roughly 70 smart contracts every week. Between April 8 and May 8, the world’s largest Proof-of-Stake (PoS) blockchain uploaded 283 Plutus scripts, bringing the total to 2,683.
Cardano is presently developing the Vasil hard fork, which would take place in June 2022. The network is preparing for the next conference when this current development takes place. It intends to significantly increase the protocol’s transaction throughput, volume, and liquidity.
Finbold said at the end of the month that the network launched 400 new ADA-based projects and around 100,000 wallets, after increasing the number of ADA wallet users to over 3 million in February.
Cardano, along with the rest of the crypto market, has been trading bearishly lately. According to CoinMarketCap data, it is now trading at $0.526, up 0.92 percent in the past 24 hours but down 9.47 percent over the previous week.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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