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Cardano ecosystem has reached two important milestones

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Cardano ecosystem
Source: Shutterstock, Shizume
Cardano ecosystem has reached two important milestones

Ecosystem Cardano fights hard for 4th place in the cryptocurrency market capitalization ranking. The successful Solana project breathes on his back. However, the Cardano network is successful in staking. The platform currently registers up to 942 117 staking addresses.

Cardano and staking

The tool provided interesting data Pool tool which provides data aggregation for the Cardano network. The staking addresses are currently at 942 117 addresses, and this figure has risen to 10 September by 14.7%.

Number of staking addresses in the Cardano network

Number of staking addresses in the Cardano network. Source: FinBold

The total volume of staking is at a respectable value $ 53.6 billion. Another important milestone is the number of active wallets. A few months ago, on May 22, the figure was around 1 million. The current situation on November 2 represents an increase of 100% in value 2 million wallets. This is a really significant achievement.

Updates are being added

The new era of ADA began its after successful hard fork Alonzo. The network is going through a really successful period. However, investors are still pushing for the ecosystem to continue to develop. The community is strong and developers know it. Scheduled update Cardano Hydra will significantly increase network scalability. Very interesting information is also beginning to appear in the community, according to which the network can reach a completely different level than competing blockchains. The developers want to provide processing 1,000,000 transactions per second. These are really optimistic plans. Let’s be surprised.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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