Cardano stakers led Ethereum by 21 times in February 2022

The launch of the Cardano Alonzo hard fork upgrade in September 2021 triggered smart contracts that facilitate the creation of decentralized applications (dApps). Demand for its native asset, ADA for staking purposes spiked, especially in February 2022.

Cardano (ADA) saw its total number of stakers beat out major competitor Ethereum in February. Cardano managed to end the second month of 2022 with 1.17 million stakers, according to BeInCrypto Research.