Cardano (ADA), the largest proof-of-stake (PoS) blockchain, continues to record much-needed growth in terms of value and ecosystem development.
The data provided by Pooltool, a Cardano data aggregator, proves that the ecosystem has been constantly growing in recent times.
Cardano (ADA) Staking Addresses Gain Over 100,000 in 2 Months
According to Pooltool, on 10th November 2021, Cardano (ADA) staking addresses reached a total of 942,117 from 821,024 noted on 10th September 2021.
This implies that the platform gained 121,093 staking addresses, a 14.7% increase in the space of 2 months. An incredible growth indeed.
Moreover, the total amount of staked ADA stands at $53.6 billion, representing 72.17% of the cryptocurrency’s total supply.
Cardano (ADA) Hits Over 2 Million Wallets
On 2nd November 2021, a notable milestone was also attained in the Cardano ecosystem. It was reported that ADA wallets hit over 2 million.
Cardano Community tweeted, “OVER 2 MILLION ADA WALLETS. It wasn’t long ago that we were celebrating hitting our 1 million mark and now we hit a whopping 2 million ada wallets!”
🎉OVER 2 MILLION ADA WALLETS🥳️
It wasn't long ago that we were celebrating hitting our 1 million mark and now we hit a whopping 2 million #ada wallets!#Cardano #CardanoCommunity@F_Gregaard @IOHK_Charles @IOHKMedia @InputOutputHK pic.twitter.com/x40pri9tjN
— Cardano Community (@Cardano) November 1, 2021
This indicates that the fact that the ADA’s price has been trending sideways for the most part of the past weeks has not negatively impacted the growth of the ecosystem, since the previous milestone of 1 million wallets was attained on 22nd May 2021.
It’s worth noting that since 3rd June 2021, Cardano has gained 333,726 wallets, an increase from 608,391 addresses, which is a remarkable 54.8% increase in five months.