Crypto adoption

Cardano (ADA): Wallets count reaches 3.5 millions

The Cardano blockchain has seen significant growth in the last year, with the number of wallets holding the local ADA network currency increasing before the upcoming Valid hard fork.

As of December 2021, there were 2.5 million wallets in circulation. DataStudio estimates, that the population had grown by one million to 3,500,565.

There are now more than 3.5 million Cardano wallets in circulation, which is a significant milestone for the blockchain. The number of Cardano wallets has increased significantly over the past year due to the impressive growth of Cardano and various new advancements that are underway.

Considering that Cardano reached 3 million wallets on February 3, Cardano seems to have managed to add more than 500,000 new owners in the past six months despite the crypto market crash.

With the latest Vasil hard fork on the horizon, Plutus Scripts (a Cardano-based smart contract platform) continues to climb, seeing the impact of the September 2021 Alonso hard fork, which includes the inclusion of smart contract functionality, improving the scalability and performance of Cardano .

Specifically, the Alonso hard fork gave members of the Cardano developer community access to a platform to develop applications related to decentralized finance (DeFi) and programmability.

Currently, Cardano is trading at $0.5429, up 5.33% on the day, according to information from CoinMarketCap.

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