• The Cardano blockchain has reached a new milestone as its ecosystem now consists of over 8 million native tokens and more than 4 million unique wallets.
• The network saw an increase of 2.96% in the number of transactions carried out in March, while wallet holders increased by 1.44%.
• Plutus Scripts also surged by 1.67%, bringing the total to 5,234.
Cardano Reaches New Milestone
The Cardano blockchain is taking no days off, as its network continues to expand its reach, value and overall development. According to its most recent Monthly On-chain statistics , unique wallets on the network have crossed 4 million, while transactions carried out in March have hit 64 million. Cardano has been one of the most talked about network’s in the crypto community and expectations for Cardano (ADA) price are high, as community members maintain optimism that on-chain performance can influence ADA’s price.
Native Tokens Increase
Taking to Twitter, Cardano shared six metrics that highlighted Cardano’s progress throughout the month of March. On its monthly-chain statistics report, Cardano’s native tokens have soared by 2.63%. This brings the total number of Cardano tokens to a staggering 8.07 million.
Wallet Holder Growth
The number of users on the Cardano network has seemingly skyrocketed in the month of May. There was a notable 2.96% increase in the number of transactions carried out on the Cardano blockchain last month – bringing it up to 64 million transactions – and wallet holders increased by 1.44%, with a total amount now sitting at 4.02 million delegated wallets also saw an increase of 0:49%, with 1:28 million delegated wallets now hosted by Cardano altogether..
Plutus Scripts Surge
Cardano is committed to improving its network policies and Plutus scripts are an integral part thereof; scripts used to validate a network action which experienced an upclimb last month with 1:67% surge bringing them up to 5234 scripts altogether..
Optimism Remains High
Expectations for ADA prices remain high as more users continue trooping into cardanos network and users hope that this can influence ADA’s prices positively; with continuous growth it’s only expected that policies around cardanos networks will surge further making it even stronger and more attractive for potential investors wishing to join their community..