Since Cardano’s substantial update in September, the blockchain ecosystem has kept up its tremendous expansion rate. This expansion can be described in terms of novel features, improvements and also buyer interest. According to the latest report, the ecosystem has witnessed over 2,000 new investors added daily over the last 30 days.
Holders Of Cardano Continue To Increase
On the 19th of April, there were over 3,268,890 Cardano holders compared with 3,339,201 on the 19th of May, as per data obtained by Finbold. This represents an increase of over 70,211 holders so far, with an average of 2,340 holders being added each day, as stated by Cardano Blockchain Insights.
It’s interesting to note that whale transactions on Cardano touched a peak not seen in the last four months as renowned players purchased the dip. The price of ADA reached its all-time low of $0.40 on the 12th of May, marking the day that saw the greatest activity by Cardano whales since January.
This activity peaked the following day as ADA recorded 1,085 transactions with a value of more than $100,000, which suggests that both retail and large investors have taken an interest in the crypto.
Cardano’s (ADA) Accomplishments Keep On Mounting
Plutus is a smart contract platform that is built on Cardano. Cardano launched more than 70 new smart contracts every week as developers joined the platform. The number of Plutus scripts on the biggest Proof-of-Stake blockchain increased by 283, taking it from about 2,400 on the 8th of April to 2,683 on the 8th of May.
Cardano is preparing for its hardfork event known as the Vasil hardfork, which will happen in June. The expansion of the protocol and a significant increase in its transaction flow increased volume, and stability is the goal of this initiative.
After increasing the number of people who own ADA wallets to over 3 million in February, the network recently introduced 400 additional ADA-based initiatives and around 100,000 wallets, according to Finbold.
Meanwhile, Cardano’s price has been trending downward over the last few days, along with most other cryptocurrencies on the market. As per the data provided by CoinMarketCap, its price was at $0.528 at the time of this writing, representing an increase of 0.92% in the past 24 hours but a decrease of 9.47% in the preceding week.