Since it got a big update in September 2021, the Cardano (ADA) blockchain ecosystem has continued to grow quickly.
This growth can be seen in the number of new features and updates, as well as the number of people who want to buy them. In the last 30 days, more than 2,000 new holders have joined the platform every day.
Data that Finbold got from Cardano Blockchain Insights shows that on April 19, there were 3,268,890 people who owned Cardano. On May 19, there were 3,339,101 people who owned Cardano, which is an increase of 70,211. This means that, on average, 2,340 people bought Cardano every day.
Cardano whale transactions hit a 4-month high, which is interesting because big players bought the dip. Cardano whales were more active on May 13 than they had been since January when the price of ADA hit its lowest point of $0.40. ADA saw 1,085 transactions worth more than $100,000, which shows that both big investors and small investors are interested.
ADA milestones keep on stacking.
Cardano added more than 70 smart contracts every week as more developers started using the blockchain. The biggest Proof-of-Stake (PoS) blockchain added 283 Plutus scripts, taking it from 2,400 scripts on April 8 to 2,683 scripts on May 8.
Cardano is getting ready for its next hard fork, which will happen in June 2022. It will be called the Vasil hard fork. Cardano is getting ready for this event, so the latest news comes at a good time. Its goal is to make the protocol bigger and speed up transactions a lot, which will increase their volume and liquidity.
Finbold said that at the end of the month, 400 new ADA-based projects and about 100,000 wallets were added to the network. In February, the number of people with ADA wallets grew to more than 3 million.
Cardano, like the rest of the cryptocurrency market, has been trading in a bearish way over the past few days. At the time of this writing, its price is $0.526, which is up 0.92 percent from 24 hours ago but down 9.47 percent from a week ago, according to data from CoinMarketCap.