Number of Cardano (ADA) Wallets Surpasses 3.5 Million

• In December of 2021, there were 2.5 million wallets in circulation.
• DataStudio’s estimates, that the population had grown by one million to 3,500,565.

There are now over 3.5 million Cardano wallets in use, which is a significant milestone for the blockchain. The number of Cardano wallets has increased significantly in the past year as a result of Cardano’s impressive growth and various new advancements that are in the works.

With the impending Vasil hard fork, there is more demand for ADA wallets, which may explain the surge in the number of wallets containing the cryptocurrency. In December of 2021, there were 2.5 million wallets in circulation. In August this year, according to DataStudio’s estimates, the population had grown by one million to 3,500,565 wallets. Despite the crypto market’s recent downturn, there has been an increase of 500,000 new holdings in the previous six months alone.

Highly Anticipated Vasil Hard Fork

With the upcoming implementation of the Vasil Hard Fork by Cardano, the network’s speed and scalability will be greatly improved. However, there have been significant delays in the previous few months. It was expected to be done by the end of July. Due to unforeseen circumstances, the hard fork has had to be postponed again.

According to Kevin Hammond, technical manager at Input Output Global, the Vasil hard fork will be postponed for a few more weeks (IOG). The most recent holdup is due to final testing and other minor hiccups. The network decided to take its time rather than racing toward the hard fork was Hammond’s takeaway.

According to CMC, the Cardano price today is $0.520923 USD with a 24-hour trading volume of $358,497,422 USD. Cardano is up 0.94% in the last 24 hours.

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