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Cardano: Here Are Statistics as of Beginning of 2023, Here's What Changed

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Tue, 3/01/2023 - 10:26
Cardano: Here Are Statistics as of Beginning of 2023, Here's What Changed
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Rick McCracken DIGI, a Cardano SPO, has shared the latest Cardano statistics as 2023 begins. He also provides a similar tweet, which he shared at the start of 2022, and no doubt the growth was evident.

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According to the details given, Cardano accounts presently number 3.8 million, out of which 1.27 million are staked addresses. At the heart of the Cardano network are stake pool operators (SPOs). Presently, the number of pools has surpassed 3,000 and stands at 3,186.

According to staking rewards, Cardano ranks as the second largest staking network after Ethereum, with a staking market cap of $6.42 billion. DIGI shares that 25.14 billion ADA is the staked amount, which represents a staking participation of 73.51%.

Cardano's DeFi TVL is currently at $50.43 million, per DefiLlama data. With the inclusion of staking as calculated by DefiLlama, this figure is $66.36 million.

Though it is a late entrant into the DeFi space, there is still much room for Cardano to grow, as it currently ranks as the 27th largest DeFi chain.

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Returning to the beginning of 2022, data provided by Rick McCracken DIGI shows a growth trend. At the time, there were 2.6 million Cardano accounts, with 1.04 million staked addresses. The number of Reddit users grew from 677,736 in 2022 to 696,288 at the start of 2023. The staking percentage also grew from 71.34% in 2022 to 73.51% at the present.

At the start of 2022 start, 24.12 billion ADA were in staking. Likewise, Cardano's DeFi had not kicked off. In the year 2022, Cardano's treasury balance attained the 1 billion ADA mark.

According to the latest statistics provided by the Cardano blockchain IOG builder, 1,151 projects are in various stages of development on the blockchain. So far, 111 projects have been launched.

At the start of 2022, there were barely more than 200 projects in development, with only a dozen having launched.

Expectations remain in place for the year 2023, in which Cardano enters Voltaire, which is the age of decentralized governance.

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