The number of active addresses on the Cardano network increased by 417% since the beginning of the year

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Activity on the Cardano network has been growing exponentially since the beginning of the year. According to analytical service CoinMetrics, the number of active wallets in the first four months of 2021 increased by more than 400%, while the number of transactions in the same period grew by 382%.

Source: CoinMetrics

Cardano rises in price

This dynamic reflects the growing interest in the Cardano ecosystem and the ADA token, which has risen in price by more than 750% since the beginning of the year. As of this writing, ADA / USD is trading at $ 1.34. The coin reached an all-time high on April 14 at $ 1.55. Cardano is currently ranked sixth in the ranking of cryptocurrencies with a market capitalization of $ 41.6 billion.

Big plans, big achievements

Simplex, a fintech startup that processes crypto-fiat payments, has added support for Cardano. This became known last Wednesday, April 28. This means that service users can now buy ADA using their debit or credit card, Apple Pay, SEPA or SWIFT transfers.

Earlier this month, it was revealed that the # 1 Crypto IRA platform created by investment firm iTrustCapital has added support for the ADA token. This means that American investors can invest in the ADA from their retirement accounts.

In addition, this March 2021, a hard fork took place on the network, which updated the protocol to the new version of “Mary”. With the update, the blockchain has become more centralized, and also received support for smart contracts, the ability to issue tokens, and many improvements aimed at increasing performance and scalability.

“Mary” brought Cardano closer in functionality to Ethereum and instilled in users confidence in the development of the project.

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