Cardano Wallet Count Surpasses 4.8 Million as Institutional Investment Grows

Cardano’s growing popularity is reflected in a significant increase in its wallet count, surpassing the 4.8 million mark. This surge in active wallets coincides with increasing institutional interest, as seen by Grayscale adding Cardano to its smart contract fund at an allocation of 18.57%. These factors are fueling ADA’s rise amidst recent market volatility.