Cardano blockchain increased the native ADA token holders to 3,339,101 in the past month to May 19, adding 70,211 holders or 2,340 daily.
Cardano’s whale transactions jumped to a 4-month high as whales bought the dip following a market-wide cryptocurrency crash. The network recorded 1,085 transactions over $100,000 on May 13, when the price of ADA tanked to as low as $0.4.
Cardano added more than 70 smart contracts per week with an influx of developers. 283 Plutus smart contract scripts were onboarded between April 8 and May 8.
Cardano is readying a hard fork event, the Vasil hardfork, set to be unveiled in June 2020. The fork is expected to enhance transaction throughput, factoring in volume and liquidity.