In the cryptocurrency market, the race to surpass established price marks is intense, with several cryptocurrencies fighting to capture investors’ attention. Cardano has stood out, not for price explosions, but for promising signs of adoption and engagement on the network.

Given its entire development in the ecosystem, Cardano (ADA) has been showing constant growth in the number of crypto wallets on its blockchain, reaching an impressive milestone.

On March 20, wallets on the Cardano network reached the number of 4,651,150, representing a growth of 3.75% compared to the number of 4,483,116 registered on January 1, as revealed by data from Cardano Blockchain Insights presented, in March 21st.

The Cardano blockchain has managed to add an impressive number of new user wallets since the turn of the year, reaching 168,034. This metric has shown a growth of approximately 2,100 new wallets per day on average this year, which reflects the growing adoption of the Proof of Stake (PoS) network on the Cardano blockchain.

At the time of publication, the price of Cardano was quoted at US$0.6361 with an increase of 3.5% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$833,833,288. In its weekly development, Cardano showed a 20.6% price pullback in the last seven days.

Cardano leads development activity

The Cardano (ADA) blockchain is leading in development activity, according to data released by cryptocurrency analytics platform IntoTheBlock on March 18.

In the cryptocurrency market, the race to surpass established price marks has been fervent and quite intense, with several crypto assets battling to capture investors’ attention. However, Cardano (ADA) has been standing out with its excellent growth and development of its ecosystem.

As IntoTheBlock’s survey highlighted, the Cardano blockchain is a leader in development activities among the main layer 1 networks (L1s), consistently delivering the highest number of weekly commits.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


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