Cardano’s latest milestone will affect ADA’s price this way.
In the past 30 days, the number of active wallets on Cardano [ADA] has reached a one-year peak of over 600,000, Danogo, a decentralized exchange (DEX) built on the Layer 1 (L1) network, noted in a recent post on X (formerly Twitter).
As of 15th March, the active address count on Cardano totaled 618,000, a 16% increase from the 533,000 recorded at the beginning of the month.
Due to the surge in user activity on the network since the beginning of the month, transaction fees also rallied. Per Artemis’ data, daily transaction fees on Cardano reached a two-year high of $17,000 on 14th March.
The last time its total transaction fee was that high was on 7th June 2022.
