Cardano Achieves Major Milestone with 1 Million ADA Wallets

Alex Dovbnya

The number of ADA wallets has already seen a fivefold increase in 2021

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Sun, 23/05/2021 - 10:54

Cardano Achieves Major Milestone with 1 Million ADA Wallets

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Proof-of-stake blockchain Cardano has surpassed 1 million ADA wallets, according to an announcement made by the Cardano Foundation.

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The cryptocurrency’s community has witnessed impressive growth in 2021. As of Jan. 1, there were only 203,519 ADA wallets, meaning that the number of addresses has increased nearly fivefold since the start of the year.

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While ADA is currently down 47.85 percent from its all-time high of $2.45 that was reached on May 16, the token is still up a staggering 691 percent year-to-date.

The rollout of the Alonzo hard fork—which is expected to happen this August—is widely expected to be a new tailwind for Cardano given that it will finally bring smart contracts to the leading PoS blockchain.

#Cardano News #Cryptocurrency Adoption

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.