Cardano (ADA) has seen a significant increase in new wallets addresses, with the number of new ADA wallets per day rising from 1,700 on February 22 to over 3,210 by February 24.
This comes as a result of increasing confidence and interest in Cardano’s potential. However, the daily creation of new wallets still falls short of the peak of around 5,410 on February 2, when the network experienced a record 5,410 new wallets in a day.
Despite this, the number of ADA wallets is about to reach 5 million, with the number of delegated wallets surpassing 1.3 million.
This growth shows a solid foundation for the Cardano blockchain ecosystem, despite facing market dynamics. In addition, wallets holding between 0 and 10 ADA saw an increase over the last 30 days. This indicates a rise in small-scale investors or newcomers to the Cardano ecosystem.
However, wallets holding between 10 to 1,000 ADA experienced a decrease, while larger investors, particularly those holding between 1 million to 10 million ADA, saw a 1.01% increase.
