Bullish for ADA: Cardano surpasses 500k accounts

Cardano surpasses 500k accounts – Daedalus launches native-asset support

The Cardano blockchain now hosts over half a million unique wallet addresses – and the number is growing by the hour. The significant growth in new addresses on the network has been Bitcoin Revolution fuelled in part by the upgrade to Daedalus, which introduces native asset support to the wallet.
Cardano network sees significant expansion ahead of native asset upgrade

As the clock counts down the final hours before the „Mary“ hard fork, the Cardano network has reached two major milestones that will catapult the network to the forefront of the industry.

IOHK, the company behind Cardano (Go to Buy Cardano Guide), announced today that it has released the first version of the Daedalus Wallet with multi-asset support. According to the company’s announcement, Daedalus v. 4.0.0-RC1 was released to the Cardano public test network on 1 March.

Later today, the company will release a Daedalus Flight Wallet that is aligned with the Mary Hard Fork Combinator (HFC) event. However, the rest of the market still has to wait, at least a bit, before the full version of Daedalus is released. According to IOHK, the wallet will be fully released after final user experience testing with the Flight community and any last-minute UI tweaks.

Daedalus is the most popular Cardano wallet. The current release will allow developers and stake pool operators (SPOs) to test sending and receiving native tokens alongside ADA.

Once fully released, the wallet will also have a brand new interface and UI.

Half a million unique Cardano wallet addresses await Mary

Just as IOHK announced the latest version of Daedalus, the Cardano network passed another major milestone. While it is hard to pinpoint a single factor that contributed to the massive increase in users on the blockchain, the upcoming Mary hardfork and the increased functionality of the network could be responsible.

According to the latest data from AdaStat, there are currently a total of 506,538 unique wallet addresses on the Cardano network. With 294,682 delegators, this means that over 58 percent of all addresses on the Cardano blockchain have staked their funds to support the network.

Further data from AdaPools and AdaStat showed that the average amount of ADA per delegated wallet has steadily decreased this year, further strengthening Cardano’s decentralisation (Go to Buy Cardano at eToro guide) and spreading power across a large number of network participants.