- Cardano whale transactions surged to a four-month high.
- Cardano introduced approximately 70 smart contracts every week.
Over the previous 30 days, more than 2,000 new holders have been added per day due to new features and improvements, as well as buyer demand. After a major update in September 2021, the Cardano (ADA) blockchain ecosystem has continued to develop substantially. Cardano Blockchain Insights data reveals that on April 19, there were 3,268,890 holders of Cardano, compared to 3,339,101 on May 19, adding a total of 70,211 between the two dates averaging 2,340 new holdings per day.
Multiple Progress Updates
Moreover, Cardano whale transactions surged to a four-month high. Since January, when the price of ADA was at $0.40 on May 12, Cardano whales have been the most active. With 1,085 transactions above $100,000, both big and individual investors are interested in ADA. Furthermore, Cardano introduced approximately 70 smart contracts every week as developers began using the network. There were 283 more scripts on the biggest Proof of Stake (PoS) blockchain, from 2,400 on April 8 to 2,683 on May 8.
Currently, Cardano is gearing up for the Vasil Hard fork, which will happen in June 2022. Cardano is gearing itself for this moment with the most recent development. Its goal is to increase the protocol’s transaction throughput, volume, and liquidity. Furthermore, at the end of the month, the network had added 400 new ADA-based projects and over 100,000 wallets after increasing the number of ADA wallet holders to over 3 million in February.
According to CMC, the Cardano price today is $0.504917 USD with a 24-hour trading volume of $723,646,324 USD. Cardano has been down 5.23% in the last 24 hours.