Cardano reaches new user milestone as decentralized governance takes off

front page
Crypto News
market
Cardano reaches new user milestone after decentralized governance launch
Cardano reaches new user milestone after decentralized governance launch
February 21, 2025


Image courtesy of Crypto Basic. The logos shown in the images are owned by the respective crypto projects

The Cardano network has reached a new user milestone.
With the successful implementation of fully decentralized governance and recent hopes for an exchange-traded fund backed by the network’s native token ADA, Cardano continues to receive positive news and reach new milestones.
Cardano wallets exceed 5.2 million
The Cardano network has reached a new user milestone.
As of February 19, 2025, the number of wallets created on the Cardano network has exceeded 5.2 million, according to Cardano Blockchain Insights, which combines data from two Cardano blockchain explorers: cexplorer.io and AdaStat. As of Thursday, February 20, 2025, that number is 5,201,576.

TapTools first disclosed the milestone on Thursday.

Number of ADA wallets Source: Cardano Blockchain Insights
Interestingly, over 50,000 of these wallets have been created in the past 30 days alone, indicating a significant increase in interest in the network in recent times.
Besides new wallets, Cardano has also witnessed significant growth in other key areas recently. According to a recent Messari report, daily active addresses on the network grew by an average of 57.8% to 42,900 in the fourth quarter of 2024.
In line with the growth in active addresses, average daily transactions also surged, increasing by 65.4% to 71,500.
Cardano’s Shining Cycle?
Last week, Cardano founder Charles Hoskinson said that ADA, Ethereum, and XRP will be the main winners of this market cycle.
He mentioned this because of the dominance of institutional investors in the market and believes that we will see inflows into blue chip stocks, which are considered more reliable and stable.
At the time of writing, ADA is trading at $0.80, up 1.21Tbps over the past 24 hours.

Label
Latest Cardano (ADA) Crypto News Today