Cardano (ADA) Crypto Wallets Spiked by 100K in March 2022

As one of the strong competitors in the crypto market, Cardano is growing strong with massive developments in its blockchain technology. Thereby, Cardano is grabbing the attention of large users.  As a result, the network shares the rise in the number of ADA wallets in just one month. 

To be more interesting, the addition of new wallets just surged by 100,000 in March 2022. Even more, Cardano is more deliberate in starting up with 400 new projects and marks it as a remarkable success in just one month. Further, the total figure as per the effective date is ranging at more than 3 million.

Interestingly, the founder of Cardano blockchain Charles Hoskinson shared this notable success in his twitter post. 

ADA wallets surged by 100K

More so, the wallet surge in that time frame just increased from  2,000 to 8,129 per day. Additionally, even the number of transactions or payments witnessed a notable rise reaching up-to 106,952. Significantly, Cardano network is recording larger transactions of $100,000 on an increasing plane by 50X since January 2022.

More so, the Cardano creators Input Output (IOHK), shared their views in twitter supporting the rise case. Moreover, the IOHK team reveals, saying Cardano built nearly 900 projects as a development to the network. In that case, the community is just working on 400 projects since March 11. 

Besides, the IOHK team shares, the number of projects is rising high on a daily basis. And keeping a track on these is not so easy, so we post the highlights and updates of the ecosystem every week.

Besides introducing innovative and positive developments, Cardano is focusing on major six projects. On a note, it ranges from token swaps to decentralized finance (DeFi) applications. In order to receive more positive response from the users, Hoskinson shared a video on YouTube. The video is interesting about the upcoming Vasil Hard Fork upgrade in June 2022.

Thus, it will be a new key milestone to showcase a massive performance and developments on Cardano with its smart contract credibilities. According to CoinMarketCap, the current market status of Cardano is $0.949259 with a spike of 2.08% in the last 24 hours.