- Cardano reached 1,000,000 active ADA wallets in the crypto world
- Over 75% of ADA’s circulation are staked in different wallets and active pools
Cardano (ADA) has successfully reached 1,000,000 active ADA wallets across different platforms in the crypto world. The Cardano community has shared this great news via tweet post. Indeed, this is an event celebrated by Cardano and its community.
Interestingly, over 75% of ADA, approximately $33.95 billion, is currently staked in different wallets and active pools worldwide. Based on the data provided by CoinGecko, ADA continues to keep its position as one of the top cryptos in the crypto market. For this reason, ADA market capitalization amounts to almost $50 billion with a 24-hour trading volume of over $7 billion.
Despite the market bloodbath in the past few days, Cardano is one of the digital assets in the crypto world that recovers fast. As a result, Cardano gains more funding instead of dumping in the latest bearish market. In fact, in the past 30 days, Cardano was able to generate a price growth rate of +30%. Truly, Cardano has already established its reputation, which makes it one of the trusted virtual-assets in the crypto world.
Moreover, the relationship of Cardano with the African government continues to run smoothly. If this keeps on, Cardano mass adoption will be inevitable. As a result, Cardano might be able to set another milestone in the amount of active ADA wallets globally.
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.