Cardano (ADA) Adds Over 70,000 New Wallets within a Month In Spite Of Market Instability
Cardano ecosystem has been recording huge growth since the introduction of the Alonzo hard fork in September 2021, which implemented smart contract functionality on the proof-of-stake (PoS) blockchain.
This notable growth is based on new features and updates, including buyer interest as over 2,000 new wallets are being created on the network daily over the past month despite market volatility.
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As stated by data from Cardano Blockchain Insights, on the 19th of April, there were 3,268,890 Cardano (ADA) holders compared to 3,339,101 on the 19th of May. This indicates the addition of 70,211 ADA addresses within a month and an average of 2,340 daily addition.
However, Cardano whale transactions ...