Caldano has seen tremendous growth in ADA wallet users, with over 3 million users.

Caldano (ADA) is the #6 cryptocurrency asset in the cryptocurrency industry (based on 24 hour market cap). The Caldano blockchain network is known for its highly secure blockchain network with the potential to better handle transaction traffic. The development team behind the project is always active in developing scalable and security-based pieces.

On February 4, the official Twitter account of the Cardano community announced that the official ADA wallet had reached 3 million wallet users.

🎉3 million #ada wallet 🚀 #Cardano #CardanoCommunity pic.twitter.com/5iEjq89X8b

– Caldano Community (@Cardano) February 3, 2022

In May 2021, the first 1 million ADA wallets were successfully hit. In the following 8 months, ADA wallet users rose significantly by more than 200%.

According to a report by Kraken, wallet users are now increasing by 11,000 per day. And network growth is up 1,348 percent over last year.

Based on recent growth, the number of entrusted wallet users has risen significantly by 870% per year.

Caldano aims to drive adoption of Defi protocol

Cardano's backend development team IOHK is working on the eUTXO (extended unused transaction output) model. If it can be completed, then the Cardano ecosystem will see huge growth in Defi platform deployments and more users

Developers are working to remove those parts of the Defi platform that are not being used but are still paid for by users of the Defi protocol. If the developers do all their work, it will ultimately lead to better results for retail cryptocurrency traders, thus facilitating transactions at a very low cost.

Cardano has also developed more than 1,000 Defi protocols in the Cardano ecosystem before it ends in January 2022. These things show that Cardano is moving towards another milestone in the future, with a very large ecosystem.

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