The total number of ADA wallets rose to a new high just two weeks after Cardano welcomed its first dApp.
On Christmas Eve, the project revealed that it has about 2.5 million unique wallets holding ADA, the native cryptocurrency of the Carano ecosystem. Since then, over 500,000 ADA wallets have been added to the network.from Cardano Blockchain Insights, the total number of ADA wallets is currently sitting at 3,002,727, with an average of 5,122 wallets being added daily.
Additionally, the network currently has about 1,145,479 staked addresses, with more than $25.18 billion staked, roughly 70.78% of ADA’s total supply.The increased activity on Cardano started after smart contract capability was deployed last year. Recall that the Cardano blockchain implemented its Alonzo upgrade in September 2021, enabling developers to build smart contracts and decentralized applications on the network for the first time.
The upgrade enhanced the platform’s scalability and speed and has continued to attract developers and a number of dApps to the Cardano ecosystem. Just a week ago, smart contracts on the blockchain surpassed the 1,000 mark, with the current numberThree months after the Alonzo upgrade, Cardano welcomed its first dApp, SundaeSwap, on January 20, 2022, but the milestonethat the total block size will be increased by 11%, from 72 KB to 80 KB, allowing it to carry more transactions.
Additionally, the company also increased the Plutus script memory unit per transaction from 12.5 million to 14 million, increasing the amount of data that can be included in a single transaction. ADA has also grown to become the sixth-largest cryptocurrency by market cap. At the time of writing, the coin traded above $1.
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