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Cardano Gets a Boost After Binance’s Self-Custody Wallet Adds ADA Staking for iOS

iPhone users can now stake Cardano’s native token ADA on the Trust wallet, earn interest, and secure the platform. The official Binance self-custody wallet app rolled out the service for Android users in December.

The wallet team added that staking rewards are not automatically rolled over and that one must have at least 4 ADA to stake and unstake their funds. As reported by Binance, data shows that the Cardano network increased smart contract usage by 340% in 2021 amid a growing developer interest, despite the ongoing bear cycle. 

Cardano Cardano $0.97
-1.82%
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