According to @ItsDave_ADA, a Cardano-based project now has 15,027 holders as of Sep 6, 2025, which flags notable user distribution on the ADA network (Source: @ItsDave_ADA on X, Sep 6, 2025). Holder count is a core on-chain metric traders use to gauge user base breadth and potential liquidity depth before positioning (Source: Glassnode Academy, On-chain Fundamentals). Traders should verify the figure and its trend via CardanoScan or TapTools, and monitor top-holder concentration and DEX liquidity to assess supply overhang and slippage risk (Source: CardanoScan documentation; IntoTheBlock methodology). Rising holder count alongside increasing active addresses and DEX TVL is generally viewed as constructive for ADA market structure and price discovery breadth (Source: Glassnode Academy research on network growth and asset valuation).