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Despite stagnant prices, Cardano reaches the 1 million wallets staked milestone
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Cardano‘s DeFi ecosystem is slowly starting to take shape, thanks to the network’s Alonzo hard fork earlier this year. The hard fork paved the way for smart contract integration. In fact, its first decentralized exchange, SundaeSwap is all set for its testnet launch later today. These developments have led to an increased interest in Cardano, and the holders of its native tokens ADA are reaping the benefits.
Earlier today, the network reached an “incredible milestone” as the number of wallets staking ADA reached 1 million. This feat records an almost 1000% growth in less than a month.
<p lang=«en» dir=«ltr» xml:lang=«en»>We did it! https://t.co/cpQCV8LQdo— Charles Hoskinson (@IOHK_Charles) December 5, 2021
Cardano’s Proof-of-Stake consensus
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