In a recent episode of the popular crypto market commentary YouTube series “Cheeky Crypto,” the host (Nick) got into an in-depth analysis of Cardano’s ADA.
Nick started by discussing the total value locked in Cardano, which currently stands at about $155 million. He pointed out that despite the dollar value of ADA decreasing, the amount of ADA being locked up has remained stable. Specifically, around 600 million ADA is currently locked up in DeFi and other platforms. Nick sees this as a positive sign for Cardano’s future.
Nick also discussed the wallet counts for Cardano. He mentioned that there are 2,832 wallets with over 1 million ADA, which are primarily held by large institutional players. These wallet holders have been relatively stable, showing no significant increase or decrease over the past year. On the other hand, wallets holding around 100 ADA have increased by about 5.81% in the last 365 days.