Even as the number of transactions and activities on the Cardano blockchain decreased, the number of wallet addresses holding ADA rose to 5.2 million. The number of addresses holding ADA has increased by 2.99% last month. The number of short-term traders holding ADA in their wallet decreased from 682,000 in March to 377,000 in April, down 44.6%.
Cardano Network Activity Decreased
1.17 million transactions are made monthly on the Cardano network, which means a decrease of 62.2% compared to the previous month. The average transaction fee on the Cardano network increased from $0.42 in March to $0.91 in April.