According to a statement made by the Cardano Foundation, the number of proof-of-stake wallets on the Cardano blockchain has surpassed 1 million.
The cryptocurrency community has seen impressive growth in 2021. As of January 1, there were only 203,519 ADA wallets, respectively, the number of addresses has increased almost fivefold since the beginning of the year.
— Cardano Community (@Cardano) May 23, 2021
Although the ADA price is currently down 22% from its all-time high of $ 2.45 on May 16, the cryptocurrency has gained a whopping 691% since the start of the year.
The rollout of the Alonzo hard fork, due in August this year, is expected to be a new positive for Cardano as the update finally brings smart contracts to the blockchain.
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