In February 2022 Cardano saw 5,000 new wallets daily approx

Cardano hit another milestone in this crypto industry as a layer-1 blockchain Network with the highest number of wallets created on the network per day. 

The whole crypto industry knows very well about the potential and the ability of the Cardano Blockchain network. This blockchain network is known to work 24×7 without any network outage in the decentralized world of the blockchain Industry. In the last few months, Cardano achieved many milestones like highest activities on the chain, highest adjusted fund transactions, highest development works, and also many other achievements. 

In this year, Cardano saw a huge increase in the number of new users in its ecosystem. In particular, it added huge numbers of users daily, even though the market faced huge corrections. 

Since 1 Feb 2022, the new Cardano wallet has increased by 3.66%. On 1 Feb total wallet created was 299,241,7 and now this number is 3,101,997+. 

So more than 109,580 ADA wallets within 24 days of the time frame. Which is more than an achievement for the Cardano project. 

Overall we can say, every day in February of this year, Cardano saw a total of 4,565 new wallets. Which is a significant number in itself. 

3 million ADA wallets in 2022

On 3 Feb, Cardano saw its first 3 million ADA wallets. And after that, this number is rapidly increasing, no matter what the reason is. 

These things are showing that whales are continuously accumulating huge numbers of ADA coins in advance because of better development works and better initiative of the Cardano project. 

At the end of December of last year, an interview of Cardano founder Charles Hoskinson acted as a catalyst to boost the price of ADA coin. In the interview, Charles hinted that the crypto industry will see a more scalable blockchain network over Solana with the concept of Hydra in the Cardano blockchain Network.

Read also: Cardano and Ethereum bridge testnet launches: Milkomeda