According to data from Cardano Blockchain Insights, the number of Cardano wallets has recently grown by over 100,000, going from around 3.633 million at the beginning of the month, to over 3.73 million at the time of writing.

The accelerated growth of Cardano wallets on the cryptocurrency’s network comes after the collapse of popular cryptocurrency exchange FTX, which endured a bank run this month. The bank run saw FTX halt withdrawals and, later on, filed for Chapter 11 bankruptcy protection.