Cardano Crossed 500K Accounts Fueled By The Daedalus Upgrade

Cardano crossed 500K accounts with unique wallet addresses with the number growing every day and this growth is partly fueled by the upgrade to Daedalus that is set to introduce native-asset support to the wallet so let’s read more in our latest Cardano news.

With the clock counting down on the final hours before the Mary Hard fork, the Cardano network hit two major milestones which will likely boost the network at the top of the industry. IOHK which is the company behind Cardano, announced that it released a new version of the Daedalus wallet with multi-asset support and according to the press release, the Daedalus v4.0.0-RC1 was released to the Cardano public testnet on March 1.

The company will also release a Daedalus flight wallet that is timed with the Mary Hard Fork Combinator event and the rest of the market has no option but to wait before the full version of Daedalus is released. IOHK explained that the wallet will be fully released after the final user experience testing with the community and the UI Tweaks. Daedalus is the most popular Cardano wallet with the current version enabling the developers and staking pool operators to test sending and receiving native tokens with ADA along. Once the wallet is fully released, it will feature a brand new interface and a new UI.

Just as IOHK announced the new version of Daedalus, Cardano crossed 500K accounts, marking another milestone. While it is hard to pinpoint one factor that contributed to the massive rise in users on the blockchain, with the Mary Hard fork upgrade we will see increased functionality of the network that could be the ones to blame. According to the data from ADA stat, there are now about 506,538 total unique wallet addresses on the ADA network with more than 294,682 delegators which means more than 58 percent of the addresses on the Cardano blockchain have their funds staked to support the network.

More data from AdaStat and AdaPools shows that the average amount of ADA per delegated wallet is decreasing this year and it’s only enhancing the Cardano decentralization movement and distributing power to a larger number of network participants.