Cardano Breaches 1 Million Staking Wallet Milestone, Here's How It Can Impact $ADA Price

Cardano ($ADA) breached the 1 million staking wallets milestone earlier on Sunday. This was the first major milestone for the proof-of-stake blockchain after the much-hyped Alonzo hardfork in September this year. The rising popularity of ADA staking highlights Cardano’s growing influence in the Defi ecosystem. Charles Hoskinson, the founder shared the milestone with his Twitter followers with a screenshot of staking wallet stats and the number of active pools.