Cardano Eclipses Ethereum in On-Chain Activity

Cardano, according to Messari’s newest data, is now the most popular cryptocurrency in terms of transaction volume, beating both Litecoin and Ethereum. Cardano has surpassed Litecoin and Ethereum in 24-hour transaction volume, with a total of $17.04 billion, mostly because to its higher transaction volume.

Adjusting the transaction number is still an excellent technique to focus on a single, really valuable transaction. Adjusted for 24-hour volume, Cardano beat out both Litecoin and Ethereum by a margin of $16.71 billion to 97.81 million and $3.84 billion, respectively. On top of Cardano’s increased number of ADA addresses, U.Today previously announced that it was beating other cryptocurrencies like Bitcoin and Ethereum in terms of transactional activity.

The Cardano Blockchain Insights Twitter handle has revealed that the Cardano blockchain has expanded by about 13 GB since the beginning of 2022, showing a massive amount of chain activity. The Santiment data shows that the Cardano network continues to be one of the most actively developing blockchain networks. According to the Exercise Contributors Rely, Cardano is still one of the top three contributors.

Expanded use cases for the Cardano blockchain are being created by developers who are taking use of the high contract performance provided by the network. At least 98 percent of the whole value of the SundaeSwap decentralized exchange platform is locked.