Cardano Reaches 8M Native Tokens, 4M Wallets: ADA Price To Follow?

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  • Cardano network has recently hit a milestone by reaching 8 million native tokens, 64 million transactions and 4 million unique wallets.
  • The number of users on the Cardano network has also increased significantly in March with a 2.96% increase in the number of transactions carried out on the Cardano blockchain.
  • Plutus Scripts have also reached 5,234 after surging by 1.67% in the month of March.

Cardano Network Reaches 8 Million Native Tokens

According to its most recent Monthly On-chain statistics , Cardano’s native tokens have soared by 2.63%, bringing the total number of Cardano tokens to 8.07 million. This is a new milestone for Cardano, with community members hoping that this can influence ADA’s price in April.

Transactions on Cardano Blockchain Increase

The number of users on the Cardano network has seemingly skyrocketed in the month of May, with a notable 2.96% increase in the number of transactions carried out on the Cardano blockchain last month. The total number of transactions at the close of March was 64 million. Wallet holders also had an upclimb with more users trooping into Cardano, increasing by 1.44%. The total number of wallets hosted by Cardano is now sitting at 4.02 million and delegated wallets are up by 0.49%, totaling 1.28 million.

Policies Improve

Cardano is committed to improving its network policies and last month was no different, with policies shut up by 1.40%, bringing the total to 71,160 . As expectations for ADA’s price are high, it looks like these improvements will be beneficial for both users and investors alike as they maintain optimism for April’s results .

Plutus Scripts Cross 5K

The Plutus scripts used to validate a network action have also taken an upclimb as they reached 5,234 after surging by 1.67% in March . These scripts are vital for continuing development within the network and furthering its reach and value throughout 2021 .

Can Price Follow Suit?

>As community members remain hopeful that these improvements can influence ADA’s price , only time will tell if this growth will translate into market performance as well . For now , all eyes remain focused on what April holds for ADA ‚ s future .