Cardano, the leading blockchain platform, has recently seen an impressive surge in its unique staking wallets, which exceed Ethereum's wallet count by a wide margin. According to Charles Hoskinson, the founder of Cardano, 1.23M unique staking wallets are now on the Cardano network compared to 88,400 on Ethereum network.

The recent interest in Cardano staking is further illustrated by the fact that the majority of the ADA coins are staked, with the staking ratio standing at 68.11%. This means that 68% of the total ADA supplies is being staked whereas Ethereum’s staking ratio is only 15.6%. Despite being lower in staking ratio, Ethereum has a higher staking market cap of over $34.53 billion, compared to Cardano’s $9.65 billion.

The rise in ADA staking coincides with an increase in retail investor activity, with data from Cardano-focused news outlet Cardano Feed revealing that retail investors now hold 66.73% of the ADA supply. This shows the strength of faith that the community as a whole has in the ADA cryptocurrency and its growth potential. Furthermore, Cardano estimated rewards per year of 3.24% is not to be overlooked.

ADA is currently ranked as the seventh-largest cryptocurrency, with a market cap of over $13.91 billion. At the time of writing, the token is trading at around $0.39, up 4% in the past 24 hours.

The success of Cardano is a testament to the ability of its team and the confidence held by its community. The blockchain has made huge strides when it comes to staking, and this is just one of the many signs that Cardano is here to stay.



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