Cardano’s Robust Development Causes Influx of Investors

Cardano’s Robust Development

The number of accounts with balances between 10,000 and 1,000,000 ADA has increased by 15,000% since last year, as Cardano marks milestones.

Data from Santiment shows that about 3,900 wallets in the category were issued since December last year, with the network almost surpassing three million addresses.

The analytics firm also shows that investments in the category have more than doubled their holdings by adding $53.6 million worth of ADA.

IntoTheBlock also shows that about 341,500 addresses have bought more than 7 billion worth of ADA when the price hit the $1 mark, noting that prices were unlikely to go lower. The token is currently trading at $1.05.

The announcement follows the launch of SundaeSwap, the first decentralized exchange on Cardano, which has since recorded $71.69 million in total value locked and over 300 active liquidity pools.

Other developments include the expected launch of Milkomeda, a layer two protocol that provides EVM capabilities to other networks.

Source: Twitter

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