{"id":234759,"date":"2022-04-28T12:00:36","date_gmt":"2022-04-28T11:00:36","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=234759"},"modified":"2022-04-28T06:58:24","modified_gmt":"2022-04-28T05:58:24","slug":"cardano-holders-reach-3-6-million-even-as-price-drops","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cardano-holders-reach-3-6-million-even-as-price-drops\/","title":{"rendered":"Cardano wallet addresses reach 3.6 million even as price drops"},"content":{"rendered":"

Cardano blockchain continues to see more adoption as the number of wallets holding its native token has reached 3.6 million, according to on-chain data<\/a> aggregator, Messari.<\/p>\n

Per Messari, most of these wallets on the network hold around 100 ADA<\/a>, with over 3,000 wallets holding at least 1 million tokens. This means that the network has more whales than most of its competitors, which is largely due to its low price.<\/p>\n

Cardano\u2019s ecosystem is growing<\/h2>\n

Usually, an increase in the number of wallets holding a token suggests that the ecosystem is growing, and this is no different for ADA, whose parent company, IOHK, in a Twitter thread, revealed that there are about 900 decentralized applications currently being built on the blockchain.<\/p>\n

\n

The #Cardano<\/a> ecosystem continues to grow and flourish.<\/p>\n

\ud83e\udd2f With nearly 900 projects #BuildingOnCardano<\/a>, #DEXs<\/a>, marketplaces, lenders, #NFTs<\/a>, wallets, incubators…(you name it) keeping track of the latest news becomes a challenging task \ud83e\uddf5<\/p>\n

— Input Output (@InputOutputHK) April 26, 2022<\/a><\/p><\/blockquote>\n