Cardano (ADA) Staking has Reached More Than 650K Addresses

Koosmine
1 min readJun 27, 2021

In the last three weeks, Cardano (ADA) has added over 50,000 new staking addresses. With over 650K staking addresses, they’ve reached a significant milestone. Furthermore, the world’s fifth-largest cryptocurrency, Cardano, may soon arrive in El Salvador, after founder Charles Hoskinson confirmed plans to visit the Central American country.

According to Pooltool data, there are 659,000 addresses staking Cardano ADA and 2,647 active staking mining pools. As of this writing, total staked funds are worth $30 billion, accounting for 71.27 percent of ADA’s entire supply.

In recent weeks, the number of addresses has increased by little more than 8%. Cardano set a new record on June 3 when it reached 600,000 active opt-in addresses for the first time. At the time, the network had 608,391 wallets and 2,561 active pools, according to various news outlets.

In other recent Cardano news, Hoskinson revealed that the project will be brought to El Salvador. El Salvador is the first country to recognize Bitcoin as legal money. Many crypto industry experts have indicated interest in knowing more about and participating in the historic step since then.

Charles Hoskinson, the founder of Cardano and the CEO of IOHK, has been among them. Hoskinson said during a live broadcast that the Cardano team is close to reaching out to El Salvador’s authorities and political parties, and that they aim to visit the nation shortly.

Sources:
https://coinquora.com/cardano-ada-staking-has-reached-more-than-650k-addresses/

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Koosmine

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