Number Of Cardano Wallets Staking ADA Crosses 1 Million

Cardano has now crossed the 1 million staking wallets milestone. The project has been one of the most promising in the space and has garnered a cult-like following since it debuted in 2017. The altcoin held the number one spot for the network with the highest amount of coins staked until recently when Solana took over that title. Nevertheless, it has held its own in the market. Breaking A New Record On Sunday, December 5th, crypto investor Jesse Blount took to Twitter to congratulate Charles Hoskinson, the founder of Cardano, on its latest milestone. In the tweet, Blount included a picture that showed that the number of delegators on the Cardano network had crossed one million. Congratulations, @IOHK_Charles! 1 million wallets staking. An incredible milestone! #Cardano #ada pic.twitter.com/RaeCczN0BI — Jesse Blount (@BlountJesse) December 5, 2021 Related Reading | Cardano Ambassador Addresses FUD Surrounding The Project Staking on the network had ramped up following the release of smart contracts capabilities on the blockchain. Developers had finally been able to release DApps on the network and the projects which launched on the blockchain enjoyed tremendous success due to the anticipation. What followed was a rapid increase in the number of users that were staking their ADA on the network. Number of staking wallets on Cardano surpasses 1 million | Source: Twitter The image posted by Blount showed that there w...