400 new projects and 100K new wallets in a month on Cardano

cointelegraph.com:

Activity on the Cardano (ADA) blockchain is starting to heat up, with 400 new projects in the works, along with 100,000 new wallets being created over the past month.

According to an April 19 Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since March 11, after IOHK Vice President Tim Harrison stated that the total stood at around 500 via Linkedin post.

As of today, nearly 900 projects are #BuildingOnCardano⚒️ And this number goes up day by day. Keeping track of all the news from this incredible ecosystem is not easy & this is why every week we compile an ecosystem digest with highlights & updates. ⤵️#Cardano $ADA

Cardano is a public and decentralized proof-of-stake (PoS) blockchain that was created by Ethereum co-founder Charles Hoskinson in 2017, after he left the team over disputes on the future direction of the network.

Pointing to some of the positive developments on Cardano over the past 10 days, IOHK highlighted six projects ranging from token swaps to DeFi applications that went live on the mainnet, entered test nets, or launched via open beta.

One new project getting considerable attention is the AGIX ERC-20 Converter Bride which was developed in collaboration with SingularityNET.

The tool went live this week and it enables users to bridge over Ethereum-based ERC-20 Tokens for use on Cardano, with the network’s DeFi sector expected to be a significant beneficiary.

After all these years Cardano has finally found utility, to copy Ethereum. https://t.co/kdwaZaQJGf

Despite increasing numbers of projects in development, the number of DApps up and running on Cardano appears to be limited, with DeFi Llama listing just