Cardano Sees 7% Growth in Unique Addresses, With More Than 1 Million Currently Staking ADA


According to data from Staking Rewards, the number of unique addresses currently staking ADA has increased by approximately 7% in the past 30 days.

According to Staking rewards data, unique addresses currently staking ADA have grown nearly 7% in the last 30 days. The recent growth matches the 1 million milestone reached in the number of staking addresses.

According to the Cardano tracking site, there are currently 1,008,241 wallets staking the coin, with 71.4% staked.

Cardano continues to gain traction, with new features and capabilities being added to the blockchain on a regular basis. The Ouroboros algorithm is used in Cardano’s decentralized setup to achieve proof-of-stake consensus. At the center of it all are 3,100 stake pools managed by operators who are in charge of the distributed nodes of the network.

IOHK, Cardano’s parent company has announced the kickoff of a new initiative to support its ongoing drive toward full decentralization with the launch of a new peer-to-peer (P2P) testnet.

The price of ADA hit a record high of $ 3.09 in September, just days before Alonzo’s hard fork, which brings smart contracts to the network and allows it to compete with Binance Smart Chain, Ethereum and Solana.

According to CoinGecko data, Cardano (ADA) is up 820% on a yearly basis having started off the year 2021 at barely $0.18. The price of ADA trades at $1.41 at press time.


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