The Cardano (ADA) ecosystem continues to achieve new heights, with the platform’s native token ADA not long climbing to become the third most useful cryptocurrency in terms of market capitalization.
Within the midst of the growth, statistics from Pooltool, a Cardano data aggregation tool, show that ADA’s staking wallets are at 821,024 as of September 10, 2021. Since the June 3, 2021 figures, the platform has gained 212,633 wallets, up from 608,391 addresses, indicating a 34.95% increase in three months.
Whatsmore, the total ADA staked is valued at $57.57 billion representing 71.4% of the total coin provide as per the information aggregating tool.
ADA staking growing in popularity
The rise in Cardano’s total staked wallets comes before the much-anticipated Alonzo Purple update, which is ready to happen on September 12. As Cardano’s network grows and real-world utilization will increase in 2021, the newest staking milestone provides to Cardano’s surge in development.
As a result of the Cardano August price surge, curiosity in keyword search ‘Buy Cardano’ on Google hit a 3-month high hitting a peak on August 22. At a similar time, Tokyo-based Bitpoint became the primary Japanese change to allow Cardano trading on August 25, following the clearing of regulatory barriers.
It’s also worth mentioning that Cardano staking has become more popular because of larger publicity from a number of platforms. As an example, iMining, a publicly listed Canadian business, has added Cardano to its record of supported assets for its staking services. In particular, iMining hopes to show Cardano to institutional traders by including it in its product line with this inclusion.
Whereas the U.S.-based cryptocurrency exchange Kraken permitted ADA staking in May, giving a larger number of users exposure to ADA by the Kraken Staking Wallet.
Cardano (ADA) in the market
Nonetheless, despite overtaking Binance native token (BNB) because the third-largest digital asset, ADA has recently suffered a big collapse after reaching all-time highs in worth.
At the moment, Cardano has a market capitalization of $79.4 billion on the present value of $2.49; it’s now down 4.08% within the last 24 hours and 16.61% within the last seven days, according to CoinMarketCap.
Source: Finbold
