The Cardano blockchain ecosystem ( ADA ) continued its tremendous growth after undergoing a significant upgrade in September 2021.
This growth can be measured in terms of new features and updates as well as buyer interest, with over 2,000 new owners being added daily over the past 30 days.
According to the data obtained from Finbold , there were 3,268,890 Cardano holders on April 19 compared to 3,339,101 on May 19, adding a total of 70,211 between the two dates, an average of 2,340 new holders on a daily basis, both the data show from Cardano Blockchain .
Interestingly, transactions with Cardano whales reached 4-month peak after prominent players bought the drop. On May 13, Cardano whales were the most active since January, when the ADA price bottomed at $0.40 on May 12. Notably, ADA saw 1,085 transactions exceeding $100,000 in value as there seems to be interest from both large and retail investors.
ADA milestones continue to line up
Notably, Cardano added over 70 smart contracts per week as more developers got involved in the blockchain. The largest blockchain Proof-of-Stake ( PoS ) added 283 Plutus (a Cardano-based smart contract platform) scripts, increasing from 2,400 on April 8 to 2,683 on May 8.
Cardano is now preparing for its next hardfork event, which will be a Vasil hardfork and is scheduled to take place in June 2022. The latest development comes as Cardano prepares for that event. Its aim is to expand the protocol and dramatically increase transaction throughput, and with it volume and liquidity.
At the end of the month, the network added 400 new ADA-based projects and about 100,000 portfolios, Finbold said, after the number of ADA portfolio holders increased to more than 3 million .
Meanwhile Cardano is traded Bears in recent days, along with the rest of the the cryptocurrency market . Specifically, its price at press time is $0.526, up 0.92% in the last 24 hours, although it has dropped 9.47% in the last week, according to CoinMarketCap's statistics.