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HomeCrypto NewsMarketCardano (ADA) Wallets Surpasses 5 Million Amid Rising Interest in the Project

Cardano (ADA) Wallets Surpasses 5 Million Amid Rising Interest in the Project

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Cardano (ADA) Wallets Surpasses 5 Million.



Cryptocurrency enthusiasts have continued to showcase their confidence in Cardano (ADA) as they embark on an adoption spree for the world’s eighth-largest cryptocurrency by market capitalization. 

cardano 5m addresses
image source: https://twitter.com/cardano_daily/status/1506253143549833222

New data from crypto on-chain data provider Messari shows that addresses currently holding ADA have surged to a whole new level in the early hours of today. 

According to the data, addresses currently holding ADA hit 5 million earlier today, as 44,480 Cardano addresses were added in the last 24 hours. 

Growing Interest in Cardano

Although the number of addresses holding Cardano does not represent the total number of users, the feat suggests that there has been growing adoption of ADA. 

Per the data, long-term Cardano holders have also been on the increase, as addresses holding ADA for over a year have risen 33.15% in the last 30 days, while short-term ADA holders have declined significantly by 12.57% in the past month. 

Interestingly, the development indicates that the Cardano community has thrown their weight solidly behind the project as they embark on a purchasing spree of the coin. 

Cardano TVL Surpass $300 Million.

It is worth noting that the team behind Cardano has been working relentlessly to make the network an ideal choice for developers who are seeking to deploy their applications on the blockchain. 

Since smart contracts functionality was enabled, several decentralized exchanges have launched on Cardano mainnet, with more DEXs still anticipated to go live on the network

Cardano TVL has also surpassed $300 million at press time, following a 9.5% growth in the last 24 hours. 

 

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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