The Cardano blockchain had an outstanding growth since last year, due to the increase in the number of wallets holding ADA –- the network’s native token.
Read CRYPTONEWSLAND onAccording to the data from Cardano Blockchain Insights, in the first quarter of 2022, the largest Proof-of-Stake (PoS) asset added 453,121 wallets in the middle of January 1 and March 31. There’s a total of 2,666,372 wallets during January 1 and at the end of March, the wallets increased up to 3,193,445.
Specifying that in three months time, Cardano added more than 5,000 wallets daily to its network. Gaining an increase of 19.76% in total number of wallets during the first quarter.
Number of ADA wallets (Source: Cardano Blockchain Insights)
Therefore, since the beginning of 2022, ADA has increased the over 500,000 total wallets as Cardano reached the 3 million wallet achievement at the start of February. The network’s rapid expansion has greatly affected the rise of the number of wallets in Q1.
In a blog post, Input-Output, Cardano’s parent company, has shown its plans for its on-chain and off-chain solutions that will aid Cardano calibrate in 2022. The result of this plan has raised ADA’s value. In particular, it has caused additional interest from investors such as institutional investors as the number of on-chain transactions over $100,000 went up 50x in 2022.
Venezuela bans crypto mining to stabilize power, confiscating devices & targeting corruption. Public collaboration urged…
🚀💰 From Trump to Bieber: Top 5 Celebs Rocking the Crypto World! Check out who's…
#Venezuela halts #Bitcoinmining to ensure stable power and reduce blackouts, prioritising energy for citizens over…
Solana Blazes Ahead: 95M Daily Transactions! 🌐 CoinGecko's Latest Study Confirms SOL's Lead in Speed…
Enthusiasts and investors are eagerly watching as the latest upturn shapes the financial horizon. With…
Cryptocurrencies priced under $5 are drawing attention. With the market's positive shift, these affordable options…