The altcoin, which made its debut in 2017, was developed with inspiration from the Italian polymath Gerolamo Cardano. Charles Hoskinson, the developer of Cardano (ADA), has provided information regarding the August 2021 Alonzo hard fork. It has been established that ADA is a top-tier blockchain. By market capitalization, it is now the ninth-largest cryptocurrency. The network is currently the second-largest staking network in the world.
As 2023 gets underway, Rick McCracken DIGI, a Cardano SPO, has revealed the most recent statistics. He also includes a comparable tweet from the beginning of 2022, when there is no doubt that growth was noticeable.
The information provided indicates that there are currently 3.8 million Cardano accounts, 1.27 million of which are staked addresses. Stake pool operators (SPO) are the driving force behind the network. At this time, there are 3,186 pools, surpassing the 3,000 mark.
Cardano ranks as the second-largest staking network after Ethereum in terms of staking payouts, with a staking market worth of $6.42 billion. According to DIGI, 25.14 billion ADA has been bet, amounting to a stake participation of 73.51%.
According to DefiLlama statistics, Cardano’s DeFi TVL is currently $50.43 million. This sum is $66.36 million when staking is taken into account according to DefiLlama’s calculations.
However, the network is a latecomer to the DeFi market, but there is still plenty of possibility for growth given that it is now the 27th-largest DeFi network.
Cardano Staking Percentage Increases Rapidly
Data from Rick McCracken DIGI, which dates back to the beginning of 2022, reveals a growth pattern. At the time, there were 1.04 million staked addresses and 2.6 million Cardano accounts. Reddit subscribers increased from 677,736 in 2022 to 696,288 in the beginning of 2023. Additionally, the stake percentage increased, rising from 71.34% in 2022 to 73.51% at the moment.
There were 24.12 billion ADA staked at the beginning of 2022. In the same way, Cardano’s DeFi had not begun. The 1 billion ADA milestone was reached by the network’s treasury balance in the year 2022.
A total of 1,151 projects are in various stages of development on the blockchain, according to the most recent figures given by the Cardano blockchain IOG function Object() { [native code] }. 111 projects have been started thus far.
Just over 200 projects were in development at the beginning of 2022, and just twelve had already been inaugurated. Expectations are still high for 2023, when the network enters the Voltaire era of decentralized governance.