The Cardano network started to expand more actively in 2021 after the launch of the possibility to deploy smart contracts.
The total number of wallets on the crypto’s blockchain reached a new high just two weeks after the first decentralized application (dApps) were rolled out. Then, the number of unique wallets exceeded 3 million.
The previous record was set in mid-December, when the number of unique wallets on the network soared to 2.5 million.
According to Cardano Blockchain Insights, there are currently 3,002,727 addresses on the network. Every day, on average, 5,122 wallets are registered on the blockchain.
1,145,279 addresses control over $25.18 billion in ADA, which represents about 70.78% of the total supply of the altcoin.
The launch of smart contracts on the Cardano network became possible after the activation of the Alonzo hardfork in early September. The appearance of the first dapps (SundaeSwap) on January 20, 2022 led to an overload of the blockchain, and again the question arose of increasing its throughput.
Whales have increased their holdings in ADA by more than 100% since mid-January. The most active investors were holding cryptocurrencies for amounts from $10,500 to $1.5 million.