The number of ADA wallets increased fivefold in 2021
The number of ADA wallets has increased fivefold in 2021.
According to an announcement by the Cardano Foundation, the Proof-of-Stake blockchain network Cardano has exceeded 1 million ADA wallets. The cryptocurrency community witnessed impressive growth in 2021. As of January 1, there were only 203,519 ADA wallets , which means the number of addresses has increased almost fivefold since the beginning of the year.
While the ADA is currently down 47.85 percent from its all-time high of $ 2.45 on May 16, the token is still 691 percent higher year-to-date.
Given that the launch of the Alonzo hardfork, which is expected to take place this August, will eventually bring smart contracts to the leading PoS blockchain network , a new wind is expected for Cardano.