The number of active Cardano (ADA) pools continues to rise in anticipation of the upcoming Vasil hardfork.
Investors are anticipating not only a price rise but also a general improvement to the ecosystem as a whole, which is one of the reasons why the number of active pools continues to expand as traders aim to capitalize on both of these developments.
According to data acquired by Finbold on May 30, there are 2,988 active pools on the network, just twelve short of 3,000 at the time of publication, as per data from PoolTool, a Cardano data aggregation tool for the largest Proof-of-Stake (PoS) digital asset.
Pools on Cardano
It is important to point out that users may build “pools” outside of the main crypto exchanges. Anyone is free to start a new pool, so long as they have enough amount of ADA coins to start off with (pledge).
Major, J. (2022, May 30). Number of active cardano pools near 3,000 as Vasil Hardfork approaches. Finbold. Retrieved June 1, 2022, from https://finbold.com/number-of-active-cardano-pools-near-3000-as-vasil-hardfork-approaches/