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Cardano wallets see 1348% growth in past year; cross 3 million milestone
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After receiving bouts of extensive criticism for a lack of development, the Cardano network has started to dominate headlines once again for more positive news. This is due to an acceleration in the launch of smart contract-based applications on the platform, along with ecosystem-wide changes in the network itself.
This surge in development activity has had a similar effect on network activity which could be seen increasing drastically in the past few weeks. On 4 February it was found that three million wallets of its native cryptocurrency ADA were now active on the platform, up from just over 200,000 at the start of 2021.
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