Last updated on October 7th, 2022 at 04:46 pm
ADA, the native token of the Cardano blockchain, is now in more than 3.6 million wallets, indicating that it is still gaining traction.
When more wallets hold a token, it usually indicates that the ecosystem is expanding, and ADA is no exception.
A Twitter thread created in April revealed that the blockchain’s first non-fungible token (NFT) loan business, the Lending Pond, had a tremendous start in the market.
In addition, since the formal introduction of Cardano Summit NFTs, which brought Terra Virtua to Cardano, more than 3000 Summit NFTs have already been created.
The thread also included several announcements about brand-new Cardano projects, demonstrating how quickly the ecosystem is expanding and what new features users can expect.
Surprisingly, the buzz in the Cardano ecosystem has had minimal impact on the price of ADA.
According to CryptoSlate data, the asset hit an all-time high of $3.10 after smart contract functionality was added to the blockchain.
ADA is currently trading at $0.43, up 1% in the last 24 hours.
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