Cardano Defies Volatility to Add Over 70K New Holders in a Month

Cardano Defies Volatility

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.

Source: Finbold

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