Cardano Wallets Surpass 5.2 Million: ADA's Global Rise
1min read Cardano (ADA) has reached a significant milestone with the number of wallets on its network surpassing 5.2 million. This achievement comes as the asset continues to gain adoption and moves closer to the Voltaire era, marking a step towards full decentralization. The recent progress has sparked predictions of massive growth for digital assets in 2024, with the influx of new wallets indicating investor interest in potential gains.
The total number of wallets created on the Cardano network reached 5,201,576 by the close of Thursday, February 20, according to data from Cardano Blockchain Insights. This growth has been particularly notable in recent weeks, with over 50,000 new wallets created in the past 30 days alone. This uptick in interest suggests that more users are engaging with the network for various purposes, such as staking and decentralized applications.
Beyond wallet creation, Cardano has also experienced significant growth in active user engagement. A recent report from Messari indicates that the average number of daily active addresses on the network jumped by 58% in Q4 2024, reaching approximately 42,900. This rise in activity has coincided with a sharp increase in transaction volume, with the average number of daily transactions surging by 65% during the same period, reaching 71,500.
The latest developments in Cardano’s network activity have fueled discussions about the blockchain’s position in the current market cycle. In early February, Cardano creator Charles Hoskinson revealed that he would meet with Elon Musk at the end of the month, sparking speculation of how this could benefit ADA. Hoskinson recently described ADA as the global standard, and the asset’s increasing popularity suggests it could play a major international role in the future.
