Booming Cardano: Over 2,400 new wallets added every day!

Despite the challenges facing the crypto industry, including regulatory lawsuits, Cardano (ADA) continues its ascent in terms of adoption. In the month of June, the network registered an average of 2,446 new crypto wallets per day, bringing the total number of Cardano holding addresses to 4,161,225. A trend that speaks to its growing appeal.

An impressive adoption!

Cardano recently faced controversy from the SEC, which labeled ADA and 61 other cryptocurrencies as financial securities. Despite this fierce battle waged by US regulators, Cardano seems to be holding up better in terms of adoption.

According to the data collected by Finbold, the Cardano network saw the addition of 48,924 new addresses during the month of June, bringing the total number of addresses to 318,578 since the start of the year. This increase of 8.29% compared to January 1, 2023, when the number of addresses amounted to 3,842,647, testifies to the constant progression of the network.

Specifically, June 10 was marked by a particularly successful day, with the addition of 3,979 ADA addresses.

At the time of writing, the price of ADA, Cardano’s native token, stands at $0.28, registering a 2.65% rise in 24 hours. This positive development is part of the overall bullish trend seen in the crypto market, with Bitcoin (BTC) leading the way.

At the same time, Cardano recently rolled out version 8.1.1 of its master node, bringing software patches aimed at fixing minor issues. These improvements include improving the performance of the blockchain, thus providing an improved experience for users.

Despite the regulatory challenges, Cardano maintains its upward trajectory in adoption and continues its efforts to offer a robust and high-performance platform to its users.

Furthermore, Cardano continues to implement updates and expand its ecosystem, including the integration of new features such as Charli3, an Oracle. All of these potential advancements help to boost the appeal of Cardano.