Cardano Network Sees Surge in Unique Accounts, Could Drive ADA Price to $1
• The number of unique accounts on all DApps on the Cardano network surged to around 255K.
• Some DApps on the Cardano network have been tipped to help drive the price of ADA to the top when adoption gains steam.
• Leading the list of DApps is Indigo Protocol, which recorded a 62,109 percent surge in unique accounts.
The Cardano network has been recently experiencing a surge in unique account growth, with the number of unique accounts on all DApps reaching a whopping 255K. This increase in unique accounts is being attributed to the increasing popularity of Cardano’s decentralized applications (DApps).
The most prominent DApp is Indigo Protocol, which has seen a 62,109 percent surge in unique accounts. Indigo Protocol is a platform that allows users to buy and sell Cardano’s Non-Fungible Tokens (NFTs). With the platform, users can make offers, purchase NFTs, and more. According to DappRadder, it is the highest-ranked project on the Cardano network. In the last 30 days, the platform has recorded a $12.37 million transaction volume and 830K transactions, with a total fiat value of $738K in assets in the DApp’s smart contract.
Other DApps on the Cardano network are also seeing success. JPG Store is another leading DApp on the Cardano network that provides users with a marketplace to buy and sell NFTs. It has seen a rise in unique active wallets interacting with the DApp’s smart contract, helping facilitate the buying and selling of NFTs.
Due to the success of these DApps, experts are tipping that when adoption gains steam, these DApps could help drive the price of ADA to the top. With the surge in unique accounts, the success of these leading DApps, and the bullish market, ADA could be well on its way to reaching the $1 mark.