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


thecryptobasic.com 22 March 2022 14:28, UTC
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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 eight-largest cryptocurrency by market capitalization. 

cardano 5m addresses

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 a total of 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 is growing adoption of ADA in recent times. 

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

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

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