Cardano (ADA) to add more than 50,000 new staking addresses in three weeks

Cardano (ADA) has added over 50,000 new staking addresses, boosting its overall number of staking addresses by slightly more than 8% in less than a month, according to data provided by Pooltool, a Cardano data aggregating platform.

ADA’s total number of staking wallets reached 608,391 from 2,561 active pools in early June, marking another milestone for the platform; however, now the platform has confirmed 658,965 staking addresses.

In recent times, the proof-of-stake blockchain platform has been at the forefront of plenty of recent developments, such as the Cardano creator Charles Hoskinson announcing that the platform plans to publish a research paper on algorithmic Stablecoins in the coming weeks.

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