Cardano, the emerging smart contract platform, and its native token ADA have been enjoying notable traction over the past three months, or better still, since the start of 2021.
2020 was seemingly the preparatory year for the notable breakout in the price and popularity of Cardano (ADA). The global exposure has been consistent this year with little or no sign of slowing down.
There has been an increase in the number of Cardano’s followers and subscribers across all social media, especially Reddit, where r/Cardano recently hit 300,000 subscribers.
Charles Hoskinson, the CEO of IOG and creator of Cardano (ADA) has also leveraged the huge traction around the blockchain project to get his Twitter account verified. The number of his followers on the microblogging platform is now seating above 300,000.
Cardano (ADA) Subreddit Hits 300,000 Subscribers
According to the data provided by frontpagemetrics.com, Cardano (ADA) subreddit hit 300,000 subscribers on 1st April 2021 and it’s currently the 1,431st most popular subreddit.
The journey to this major height started in September 2020 but became notable on 15th January 2021, when the subreddit hit 100,000 subscribers. Since then, the increase has been massive.
Between 15th January and 23rd February 2021, r/Cardano experienced a 100% increase in the number of subscribers, which took the total number of Cardano enthusiasts on Reddit to 200,000.
So, the subreddit raced to 300,000 subscribers between 23rd February and 1st April 2021. At the time of writing, the number now stands above 302,000.
What could be behind the Vast Increase in Cardano’s Popularity?
Since the start of the year, the Cardano ecosystem has been through phases of development. The most notable development played out on 1st March 2021, when Mary hard fork was successfully implemented.
The success of the Mary protocol upgrade transitioned the Cardano network into the multi-asset era and a few hours ago, the block production on the Cardano network became 100% decentralized.
Aside from the aforementioned milestones, there are many more upcoming developments, which could further enhance the capacity of the Cardano community.
During the Cardano360 virtual conference on 25th March 2021, Charles Hoskinson, the CEO of IOG stated that the next phase for Cardano after the Mary protocol upgrade is called Alonzo Phase. According to Hoskinson, the Alonzo testnet that will enable people to publicly write smart contracts and deploy them on the Cardano network for the first time ever will be launched.
Charles Hoskinson noted:
“Now we are heading toward what is called the Alonzo Phase. And here is kind of a timeline of how that works. So first off, it has to be integrated into the ledger in node code. That’s the heart of Cardano. Then the wallet sits on top of it, then Daedalus. OK, so, what’s occurring right now, all throughout March and all throughout April, is that integration into the node to get ACLI.