Over 5 million native assets have been minted on top of the Cardano ($ADA) blockchain, doubling the figure seen at the end of last year. The Cardano network, it’s worth noting, started accommodating these assets on March 1.
According to data from pool.pm, there are now 5.01 million native assets on Cardano deployed across over 54,800 policies. Minting policies, according to Cardano’s documentation, are a “set of rules that govern the minting and burning of assets scoped under that policy.”
Native tokens themselves are bespoke assets that can be interacted with “right out of the box – without the use of smart contracts.” The network’s documentation notes native assets can “practically be treated as ada in every sense because the capability is already built-in.”
Late last year, Cardano Foundation CEO Frederik Gregaard published a blog post looking back at 2021 as a “year of incredible growth” for the cryptocurrency network. In the post, Gregaard noted that the network had over 2.5 million native assets minted on it at the time, 2 million of which were non-fungible tokens (NFTs).
As CryptoGlobe reported, the number of wallets holding ADA on the Cardano blockchain has grown by little over 70,000 over the last 30 days, with well over 2,000 wallets being added per day over said period.
Data has also shown that ADA whale transactions have shot up to a 4-month high after the price of the cryptocurrency plunged to a bottom at $0.40 earlier this year. Whales were seemingly buying the dip ahead of an upcoming hard fork that will improve the network’s performance.
The accumulation and growing number of ADA wallets come ahead of the Vasil hard fork, which is scheduled for June. The hard fork, according to Cardano founder Charles Hoskinson, will deliver a “massive performance improvement” to the network.
Hoskinson has also recently said that looking at 24-hour transaction volumes across major blockchains, Cardano’s network activity was second only to the flagship cryptocurrency Bitcoin ($BTC).
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