Saturday, November 27, 2021
Home Crypto News Market In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses

In Last 3 Months Cardano Adds Over 200,000 New Staking Addresses

- Advertisement -

The Cardano ecosystem (ADA) continues to reach new heights, with the platform’s native ADA token also achieved a milestone of becoming a third most valuable cryptocurrency by market capitalization.


Statistics from Pooltool, a Cardano data aggregation tool, show that ADA staking wallets were at 821,024 as of September 10, 2021, whereas Staking addresses on June 3, 2021 were 608,391, Cardano gained 212,633 wallets in three months which is an increase of 34.95%.

 

The total ADA at stake is valued at $57.57 billion, which is 71.4% of the total coin supply.

The increase in the total number of Cardano staking wallets comes ahead of Alonzo highly anticipated update, which is set to take place on September 12. As Cardano network expands and real-world usage increases in 2021, the latest staking milestone adds to Cardano’s strong growth.

Due to the Cardano price spike in August, interest in the “Buy Cardano” keyword search on Google peaked in three months. At the same time, Tokyo-based Bitpoint became the first Japanese exchange to allow Cardano trading on August 25.

 

It’s also worth mentioning that Cardano staking has become more popular due to more exposure from multiple platforms. For example, iMining, a publicly traded Canadian company, added Cardano to its list of supported assets for its staking services. In particular, iMining hopes to expose Cardano to institutional investors by adding it to its product line with this inclusion.

While the US-based cryptocurrency exchange, Kraken, authorized ADA staking in May, which allowed more users to be exposed to ADA through the Kraken Staking wallet.

Nonetheless, despite surpassing the native Binance (BNB) token as the third largest digital asset, ADA recently suffered a major collapse after reaching all-time highs in value.

- Advertisement -
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Kieran Gibbs Collaborated with XBTO to Convert Half of His Salary to Bitcoin

Major League Soccer Star, Kieran Gibbs, has revealed his plan to convert half of his income to bitcoin (BTC) via his Tweet. Gibbs plays as...

IMF and Bank of England Governor Expressed Some Serious Concerns Over El Salvador’s Adoption of Bitcoin as Legal Tender

IMF and Bank of England Governor Andrew Bailey Expressed Some Serious Concerns Over El Salvador’s Bitcoin adoption. El Salvador became the first country in the...

Planet Fashion Launches Functional NFTs For Fashionistas, Including Luxury All-Inclusive Travel To Monaco Swim Week & The Monaco Grand Prix

Miami, Florida, 26th November, 2021, – Planet Fashion, a leading fashion media and event production consultancy, announced it is teaming up with The Lewis...

Flurry Finance deploys on Polygon after hitting $3 million TVL in just a month of launch

Hong Kong, Hong Kong, 26th November, 2021, Flurry Finance, a DeFi protocol that offers efficient cross-chain yield farming to the DeFi community, is all...

Centaurify & The Music Industry Revolution

The pandemic has left many industries in ruins—including the music & performing industry. And it should not come as a surprise to anyone as...

China continues crackdown on crypto as famous Chinese crypto news site shuts down.

ChainNews one of the leading crypto news website from China is no longer online. ChainNews on 15 November announced on twitter that site will...

Top 5 Crypto Instagram Account That You Should Follow

For IT and business innovation, cryptocurrency has become more than just jargon. Cryptocurrency, or crypto, has been present since 2009, despite its current rise...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.