Summary
⚈ Plutus V3 smart contracts rose over 500%, leading blockchain development growth
⚈ADA price nears support at $0.652 amid fading volatility and bearish trend
Although Cardano (ADA) price action would hardly suggest it, Cardano’s blockchain has seen significant growth since the start of 2025.
To begin with, both the total number of wallets and delegators soared significantly. On January 1, 2025, the former stood at approximately 5.1 million and the latter just above 1.31 million, according to the data Finbold retrieved from Looker Studio on May 6.
By press time on May 6, the number of wallets had rocketed 4.28% to over 5.3 million, meaning that 2,275 new ones emerged daily for a total gain of 218,420. The number of delegators increased 1.43% to 1.33 million, demonstrating a significant influx of addresses.
Plutus V3 leads Cardano smart contract gains in 2025
Simultaneously, in 2025, nearly 20,000 Cardano smart contracts were added, with the majority of new ones belonging to the most numerous group: Plutus V2.
Between January 1 and May 5, Plutus V2 contracts rose 15.18% from 106,465 to 122,630. Within the same time frame, the number of V1 smart contracts increased 1.27% from 6,877 to 6,964, and that of Plutus V3 by an impressive total of 548.65% from 444 to 2,880.
The total number of Cardano Plutus scripts soared from 113,786 to 132,474, a 16.42% increase.
However, the network growth has not been accompanied by strong performance for ADA. Between January 1 and press time on May 6, Cardano’s price fell 22.46% to $0.654.
Volatility has also died down somewhat as the wild swings prevalent in the first quarter – wild swings that sent ADA to its 2025 high at $1.14 – and the cryptocurrency is even threatening an even greater plunge as it has come dangerously close to its nearest support level at about $.0652.
Featured image via Shutterstock
