Cardano network grew by 167%
In the Cardano blockchain, the number of new addresses registered per day increased by 167%. This figure amounted to 112.5 thousand addresses.
This is another milestone in the development of this cryptocurrency project, achieved due to the high popularity of the blockchain among the creators of smart contracts.
The Cardano network has become more functional due to the launch of the Alonzo hard fork. Many DeFi projects are currently being created on the basis of this cryptocurrency. According to analyst Ali Martinez, it looks like the ADA token will go up soon.
#Cardano has seen a significant increase in on-chain activity!— Ali Martinez (@ali_charts) February 16, 2022
The number of new daily addresses being created on the $ADA network surged by 167% to hit 112.5K addresses. A sustained increase in this metric generally precedes a spike in price volatility for #ADA. pic.twitter.com/9m8tjt2U9m
Cardano is the second largest blockchain in which various projects launch smart contracts. Considering the overall growth of the crypto market, it is not surprising that the number of new blockchain users is constantly growing.
Along with the increase in activity, the volume of trading in the native token of this cryptocurrency, ADA, also increased. Over the past 24 hours, it has taken 7th place in terms of trading volume.
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