Cardano Network Passes 3.5 Million Wallet Milestone –

  • The company has more than 3.5 million wallets on its platform
  • One million new wallets have been added since the beginning of this year

Cardano ($ADA) surpassed the 3.5 million wallet milestone at the time when cryptocurrency developers were working on their upcoming Vasil hard fork, and people are largely supporting it.

Cardano Blockchain Insights shares data that tells us the company now has more than 3.5 million wallets. In December 2021, the data was at 2.5 million. It is clear that the company has connected almost 1 million new wallets since the beginning of this year.

Likewise, the total number of members on the network increased slightly from 1 million users to 1.17 million. In February, the company hit a milestone of 3 million wallets, meaning that in six months – marked by a notable drop in crypto asset value – Cardano added more than half a million new wallets, according to Finbold, a cryptocurrency news site.

It is very important to emphasize that a wallet does not indicate an active user. A user can create multiple wallets as many as they wish on a blockchain, and some custodial services can also keep many users’ funds in a single wallet.

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Smart Contracts marked over 3000

According to a trusted news source, several smart contracts installed on the Cardano network have marked over 3000 for the first time in cryptocurrency history as developers operate ahead of the Vail hard fork.

Plutus, it’s good to note that the Cardano blockchain smart contract platform allows users to write a call that connects to the Cardano blockchain.

The company is now very close to its upcoming project, Vasil Hard Fork, which will bring a “massive” improvement to the Cardano network, but it is currently being delayed by a few more weeks.

The project will include the plans for improving Cardano. However, investors are still betting, with data from a news site’s price pages showing that users of the Nasdaq-listed cryptocurrency exchange have a classic ADA hold time of more than 153 days. This means that the company’s traders on the exchange hold their assets at this high value before exchanging them or allocating them to another account or address.

In particular, a price prediction model based entirely on artificial intelligence indicates that the value of the company’s native token ADA will surge to $2.9 this September, a 530% increase from the cryptocurrency’s current price.

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