@BOMBERuss 31 March 2022 more from that month

According to IntoTheBlock, the number of large transactions with #Cardano (ADA) in the amount of at least 100 thousand dollars has increased 51 times over the year. At the beginning of March 31, the cryptocurrency was at the level of $ 1.2, having risen in price by 12.8% over the past seven days. The total volume of large transactions per day increased from 1.35 billion #ADA last year to 69.06 billion ADA on March 29 this week, which accounted for 99% of the total size of transactions that day. This is a record value since mid—2018. #IntoTheBlock noted that the reason for such dynamics is "the growing demand for this digital asset from institutional investors." It is curious that at the same time, interest from retail investors has also increased, as a result of which, since the beginning of the year, the number of digital addresses with a balance in Cardano has increased from 3.4 million to 5 million. Currently, there are only seven decentralized applications based on the ADA blockchain, but Cardano founder Charles Hoskinson believes that after the protocol update, which is scheduled for the middle of this year, the number of #Dapps based on this blockchain will grow significantly. Currently, the ecosystems of existing Cardano Dapps have closed digital assets worth $ 303 million, which is close to the absolute maximum ($ 326 million), which was recorded last week on Thursday. The #Santiment research group confirmed IntoTheBlock's findings, noting that from March 21 to March 29, the number of large investors in ADA increased by 1.7% or plus 42 digital addresses. Currently, each of these addresses contains from 1 to 10 million ADA. Such an increase is observed after there was a sharp decline in the number of large investors in ADA in February, while the digital asset was trading around the $0.9 mark.