Cardano blockchain continues to see more adoption as the number of wallets holding its native token has reached 3.6 million, according to on-chain data aggregator, Messari.
Per Messari, most of these wallets on the network hold around 100 ADA, with over 3,000 wallets holding at least 1 million tokens. This means that the network has more whales than most of its competitors, which is largely due to its low price.
Cardano’s ecosystem is growing
Usually, an increase in the number of wallets holding a token suggests that the ecosystem is growing, and this is no different for ADA, whose parent company, IOHK, in a Twitter thread, revealed that there are about 900 decentralized applications currently being built on the blockchain.

The #Cardano ecosystem continues to grow and flourish.
With nearly 900 projects #BuildingOnCardano, #DEXs, marketplaces, lenders, #NFTs, wallets, incubators…(you name it) keeping track of the latest news becomes a challenging task
— Input Output (@InputOutp

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