Cardano ADAUSD, the eighth-largest cryptocurrency by market capitalization, has been steadily rising since the beginning of the year, reaching a high of $0.764 on March 2.
The number of active wallets, which refers to addresses that make one or more on-chain transactions on a given day, is one of the major metrics that show the Cardano network’s health and growth.
According to IntoTheBlock data, Cardano has witnessed an increase in daily active addresses since the beginning of the year, mirroring ADA price increases.
Another measure that indicates activity on the Cardano network is the number of transactions.
The total number of transactions climbed by 3.1 million over the prior month, according to Input Output Global’s (IOG) recently issued February development highlights, bringing the total number of transactions to 85.8 million.
According to IntoTheBlock data, 37.26 billion ADA were transferred in large transactions totaling $27.61…
