{"id":148247,"date":"2021-12-25T05:08:16","date_gmt":"2021-12-25T05:08:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148247"},"modified":"2021-12-25T05:08:16","modified_gmt":"2021-12-25T05:08:16","slug":"cardano-number-of-ada-wallets-has-grown-1200-yoy-to-surpass-2-5-million","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/cardano-number-of-ada-wallets-has-grown-1200-yoy-to-surpass-2-5-million\/","title":{"rendered":"Cardano: Number of $ADA Wallets Has Grown 1,200% YoY to Surpass 2.5 Million"},"content":{"rendered":"

The number of Cardano ($ADA) wallets has grown over 1,200% year-over-year from 190,000 to 2.5 million, showing that adoption of the cryptocurrency\u2019s network has been steadily growing, partly thanks to the implementation of smart contracts.<\/p>\n

According to data shared by the Cardano Foundation, from last Christmas to now, the number of ADA wallets has grown by over 1,200%. According to available data, the price of the cryptocurrency has grown nearly 780% over the same period, even after plunging from its all-time high near $3 to $1.44 at the time of writing.<\/p>\n

As CryptoGlobe reported, Cardano Foundation CEO Frederik Gregaard has published a\u00a0blog post\u00a0looking back at 2021 as a \u201cyear of incredible growth\u201d for the cryptocurrency network.<\/p>\n

According to Gregaard, 2021 was a year in which the Cardano protocol \u201csustained growth, technical innovation, community expansion, and partnerships\u201d that helped it move forward. The CEO highlighted some on-chain developments which to him mean adoption has grown.<\/p>\n

Notably, the number of active addresses on the Cardano network\u00a0quadrupled from October to November\u00a0as on-chain activity picked up and transaction fees on the network dropped from $0.45 to $0.38 on average.<\/p>\n

According to\u00a0CryptoCompare\u2019s recent Asset Report, in October there were 50,506 active addresses on the Cardano blockchain, while in November there were a total of 216,072 active addresses.<\/p>\n

Gregaard added that the Cardano ecosystem has seen its utility and adoption grow partly thanks to the successful launch of the\u00a0Alonzo hard fork, which brought \u201cprogrammability to Cardano,\u201d allowing it to accommodate smart contracts and with them decentralized applications, of which the decentralized finance (DeFi) space is built around.<\/p>\n

Supporting smart contracts has seen a number of platforms move to become the first\u00a0Cardano-powered decentralized exchanges. In his post, Gregaard also noted that Cardano also formed a number of new partnerships which include e-sports platform Rival, fintech firm UBX, and non-profit organization Save the Children.<\/p>\n

Over 70% of ADA\u2019s supply has been staked on the network, earning holders interest as they wait for new decentralized applications to be launched.<\/p>\n

DISCLAIMER<\/strong>
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n

IMAGE CREDIT<\/strong>
Featured image via\u00a0Unsplash<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of Cardano ($ADA) wallets has<\/p>\n","protected":false},"author":3,"featured_media":148246,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nCardano: Number of $ADA Wallets Has Grown 1,200% YoY to Surpass 2.5 Million - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/cardano-number-of-ada-wallets-has-grown-1200-yoy-to-surpass-2-5-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano: Number of $ADA Wallets Has Grown 1,200% YoY to Surpass 2.5 Million - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The number of Cardano ($ADA) wallets has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/cardano-number-of-ada-wallets-has-grown-1200-yoy-to-surpass-2-5-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-25T05:08:16+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/12\/Cardano-Number-of-ADA-Wallets-Has-Grown-1200-YoY-to-Surpass-2.5-Million.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/cardano-number-of-ada-wallets-has-grown-1200-yoy-to-surpass-2-5-million\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/cardano-number-of-ada-wallets-has-grown-1200-yoy-to-surpass-2-5-million\/\",\"name\":\"Cardano: Number of $ADA Wallets Has Grown 1,200% YoY to Surpass 2.5 Million - 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