Crypto

The ADA Adoption Surges as The ADA Wallets Break Another ATH

The Cardano ADA adoption is insanely increasing and is going perfectly fine, as the ADA wallets number did just break a new ATH as it has been revealed

Dispite all the bad signals and situation in the crypto markte which we are witnessing today, there are plenty of events filling the crypto land optimism. As the Cardano ADA adoption is going perfectly fine, any according to what has been revealed, the Cardano wallets did jut break new ATH.

According to the data revealed to day which state that the Ethereum rival Cardano ADA is witnessing a huge rally in adoption, as the latest reports mentioned that the ADA wallets number are hitting a new all-time high despite an unstable April for the smart contract platform.

CryptoCompare did release a new report which is showing that the addresses number holding ADA went high to record high last month. This move happened in the middle of a huge surge in the holders number, or the entities which have kept their ADA stacks untouched for more than a year.

“The number of addresses holding ADA grew 2.99% to an all-time high of 5.20 million in April. This includes an increase in the number of hodlers from 529,000 in March to 679,000 in April. Short term traders declined 44.6% to 377,000”.

However, it is worthy to spot the light on the addresses number with an ADA balance that keeps growing, and the CryptoCompare noted that user activity on Cardano is losing stream.

“Activity on the Cardano blockchain experienced a significant hit in April. Monthly transactions fell 62.2% to 1.17 million, while average active addresses also fell 57.7% to 52,000. Average daily new addresses saw a similar decline of 59.1% to 23,200”.

The Cardano creator Charles Hoskinson, mentioned recently the future of the ADA project. And revealed they main areas of focus during the upcoming growth phase for the 8th largest crypto project by market capitalization.

Hoskinson did also made sure to mention that the priorities would include making Cardano resistant to quantum attacks, when has was asked about next significant evolution of Cardano after 2022 during an ask-me-anything (AMA) session on YouTube.

Cardano ADA is trading by the time of writing this article in dark red at $0.6582.

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