New Wallets Surge On Cardano, What’s Behind This?

newsbtcPubblicato 2022-04-20Pubblicato ultima volta 2022-04-20

Introduzione

The Cardano network is no stranger to accelerated growth but every now and then, there is a spike that causes the market to take a pause. This has been the...

The Cardano network is no stranger to accelerated growth but every now and then, there is a spike that causes the market to take a pause. This has been the case with the number of new wallets added on a daily basis which had reached a high of 7,600 new wallets added in a single day. While this is going on, speculations abound as to why the network is now seeing this rate of accelerated growth compared to when the market was still in a bull trend.
More Adoption Coming
The adoption of the Cardano network has been one of the reasons behind this increased interest in the blockchain. More users are coming to know Cardano as a major contender in the decentralized finance (DeFi) space, thus prompting them to start using the network. The result of this was not only had daily new addresses hit 7,600 in a single day, there had been more than 200,000 new addresses added to the network in the space of a month.
One solid reason behind this has been the adoption of the network for its NFT capabilities. Now, like with much else, the Cardano network offers cheaper and faster transactions compared to its biggest competitor, Ethereum. This has led some prominent figures to choose the network as the platform to launch their NFT projects. One of these is legendary rapper Snoop Dogg who announced that he would be launching an NFT collection on the blockchain.

Cardano price chart from TradingView.com

ADA price falls below $1 | Source: ADAUSD on TradingView.com
No doubt the entrance of such a prominent figure into the Cardano space has spurred interest from followers of the superstar, who would want to take advantage of the network the rapper is using. Blockchain Insights also draws this same conclusion, tying the increased interest in the network to the rapper’s NFT launch.
Today 7687 new ADA wallets per day.
Hard to be certain what caused this massive spike of new ADA wallets per day but we will take a guess and attribut this to @The_ClayMates and @SnoopDogg partnership. https://t.co/MWDH2hCgeO pic.twitter.com/vWwZa7O4k6
— Cardano Blockchain Insights (@InsightsCardano) April 18, 2022
More People Building On Cardano
The Cardano DeFi space is still very young compared to its competitors but that has not meant that the network has staggered in its growth. IOHK, the developer behind Cardano, in a recent report, revealed that there are almost 900 projects that are currently being built on the Cardano network, and what’s more, this number is growing by the day.
This accelerated rate at which developers are building on the blockchain shows interest from different parties. These projects which are set to launch on the blockchain will no doubt make it one of the top contenders in the future.
Cardano founder Charles Hoskinson has said that the network is “just getting started” in response to a tweet that shared the milestone of more than 100,000 wallets added in a month. The founder also recently proposed building a decentralized social media platform that would compete with Twitter on the Cardano blockchain, as well as other leading blockchains in the space.

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Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

NEAR Returns to AI Origins: From Payroll Struggles to Blockchain, Now Focusing on AI Agents and Privacy NEAR Protocol's journey began not with grand blockchain ambitions, but from a practical hurdle: its AI startup founders, including Transformer paper co-author Illia Polosukhin, couldn't efficiently pay international developers in 2017. This led them to pivot and build a high-performance, scalable blockchain. After years navigating various crypto narratives like sharding and cross-chain interoperability, NEAR is now leveraging its AI roots to re-enter the AI arena. A key driver is its "NEAR Intents" layer, which abstracts complex cross-chain transactions. Users simply state their goal (e.g., swap BTC for ETH), and a solver network finds the optimal route. This system has processed over $20B in cross-chain volume, generating significant fee revenue. A major growth area is private transactions via "Confidential Intents/Swaps," which hide trade details until settlement to protect against MEV and front-running. Remarkably, private swaps recently accounted for over 40% of NEAR's transaction volume, highlighting strong demand but also potential regulatory scrutiny. With its AI-founder pedigree, NEAR is positioning itself at the intersection of blockchain, AI agents, and privacy, aiming to become infrastructure for the emerging agent economy while navigating the challenges of its rapid adoption.

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Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

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From Ethereum to AI's 'CROPS': What Exactly is This Set of 'Slow Variables' That Vitalik Repeatedly Emphasizes?

In recent discussions, Vitalik Buterin has frequently emphasized the concept of "CROPS," a framework defining core values for Ethereum's development. CROPS stands for Censorship Resistance, Capture Resistance, Open Source, Privacy, and Security. Initially outlined in the Ethereum Foundation's "EF Mandate," it represents a commitment to user sovereignty, ensuring that the network resists external control, remains open, protects privacy, and prioritizes security. The relevance of CROPS extends beyond Ethereum's foundational principles, becoming crucial in the context of AI integration. As AI agents begin handling wallet operations and automated transactions, the risk increases that users may cede control over their digital assets, privacy, and intentions to centralized AI service providers. A "CROPS AI" would therefore emphasize local execution where possible, privacy-preserving remote model calls (e.g., using zero-knowledge proofs), and transparent, verifiable processes to maintain user agency. Vitalik highlights a significant convergence between "CROPS Ethereum access layer" and "CROPS AI." Both address the same fundamental challenge: how users can access powerful services—be it blockchain data via RPCs or AI models—without exposing sensitive information or relinquishing ultimate control. This intersection points toward a future digital entry point that is more private, secure, and user-controlled. Ultimately, CROPS is not merely an abstract ideal but a practical guidepost. It steers development—from protocol resilience and wallet design to AI agent safety—towards a future where users retain self-sovereignty even as digital systems grow more complex and powerful. In an era of accelerating AI adoption, these "slow variables" of censorship resistance, openness, privacy, and security may define Ethereum's enduring value.

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From Ethereum to AI's 'CROPS': What Exactly is This Set of 'Slow Variables' That Vitalik Repeatedly Emphasizes?

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Zcash Bug Could Have Minted Unlimited ZEC Undetected

A critical vulnerability in Zcash's Orchard shielded pool, discovered by researcher Taylor Hornby on May 29, 2026, could have allowed an attacker to create an unlimited amount of undetectable counterfeit ZEC. The flaw, involving an under-constrained element in the Orchard circuit, existed from the pool's 2022 activation until an emergency fix was deployed by June 2, 2026. Hornby identified the bug using AI-assisted auditing tools and confirmed its exploitability in a test environment. Due to Orchard's privacy features, which hide transaction amounts and history, there is no cryptographic way to prove whether the vulnerability was exploited before the fix. While Shielded Labs assesses prior exploitation as unlikely, this uncertainty has sparked a debate on proving supply integrity in privacy-preserving systems. In response, Shielded Labs and other developers are exploring a network upgrade, potentially involving a new shielded pool and formal verification of the circuit rules to prevent future vulnerabilities and allow verification of the ZEC supply's integrity. ZEC's price fell nearly 45% following the disclosure.

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Zcash Bug Could Have Minted Unlimited ZEC Undetected

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Silicon Valley 'Startup Guru' Steve Hoffman: Web3 + AI Could Be a Trap

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Silicon Valley 'Startup Guru' Steve Hoffman: Web3 + AI Could Be a Trap

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Token Inefficient, Economy Tokenless

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