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Cardano on a roll: Over 2,400 new wallets added every day!

Mon 26 Jun 2023 ▪ 3 min of reading ▪ by Fenelon L.
Getting informed Invest

Despite the challenges facing the crypto industry, including regulatory prosecution, Cardano (ADA) continues its upward climb in adoption. In June, the network recorded an average of 2,446 new crypto wallets per day, bringing the total number of Cardano holding addresses to 4,161,225. This trend bears witness to Cardano’s growing appeal.

Men and women standing behind Cardano to witness his adoption

Impressive adoption!

Cardano has recently faced controversy stirred by the SEC, which classified ADA and 61 other cryptocurrencies as financial securities. Despite the intense battle waged by US regulators, Cardano seems to be holding up better in terms of adoption.

According to data collected by Finbold, the Cardano network added 48,924 new addresses in June, bringing the total number of addresses to 318,578 since the beginning of the year. This represents an 8.29% increase compared to January 1, 2023, when the number of addresses stood at 3,842,647, demonstrating the network’s steady growth.

Specifically, June 10th marked a particularly fruitful day with the addition of 3,979 ADA addresses.

At the time of writing, the price of ADA, Cardano’s native token, is $0.28, recording a 2.65% increase in the past 24 hours. This positive development aligns with the overall bullish trend observed in the crypto market, led by Bitcoin (BTC).

In parallel, Cardano has recently deployed version 8.1.1 of its mainnet, introducing software fixes to address minor issues. These improvements include enhancing the blockchain’s performance, providing users with an improved experience.

Despite regulatory challenges, Cardano maintains its upward trajectory in terms of adoption and continues its efforts to offer a robust and high-performing platform to its users.

Furthermore, Cardano continues to implement updates and expand its ecosystem, including the integration of new features such as Charli3, an Oracle. All these potential advancements contribute to strengthening the appeal of Cardano.

En outre, Cardano continue de mettre en œuvre des mises à jour et d’étendre son écosystème, notamment par l’intégration de nouvelles fonctionnalités telles que Charli3, un Oracle. Toutes ces avancées potentielles contribuent à renforcer l’attrait de Cardano.

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Fenelon L. avatar
Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.