As of Monday, Nov. 2, the total number of ADA wallets in the Cardano community has topped two million.
According to the firm, the previous all-time high of one million wallets was set in late May of this year. The ADA community has a total of 203,519 members as of January 1. By May 23, the increase had nearly fivefold, and it has continued to grow by a further 1 million wallets since then.
Cardano (ADA) has had an incredible year, with prices up over 1,000% (to $2.10) year to date. While the cryptocurrency market is often unpredictable and difficult to predict, because of its strong economic moat, the high-flying blockchain may have more opportunity to expand.
Ada has risen 1,300 percent this year, making it the best-performing top five cryptocurrency, outperforming returns of 1,030 percent for Binance Coin, 330 percent for Ether, and 59 percent for Bitcoin.
Cardano is a proof-of-stake blockchain platform whose purpose, according to its website, is to empower “changemakers, innovators, and dreamers” to effect good global change.
The open-source project also aspires to “redistribute power from unaccountable systems to the fringes to individuals,” contributing to a more secure, transparent, and equitable society.