Cardano Outshines Ethereum and XRP in Transaction Volume By CoinQuora


© Reuters Cardano Outshines Ethereum and XRP in Transaction Volume
    • community is busier due to ongoing on-chain activity surges.
    • Cardano flips and in transaction volume.
    • Cardano blockchain expanded by 13GB since the beginning of the year.

The Cardano community is busier than ever. A burst of events caused Cardano to surpass Ethereum and XRP’s transaction quantities in the last 24 hours. According to Messari statistics, the Cardano blockchain processed a report of $17.03 billion, Ethereum registered a busting transaction quantity of $4.49 billion and XRP sat at $431 million.

In addition, this is not the first time Cardano has surpassed Ethereum in daily transaction volume. Earlier this month, Cardano led both and Ethereum for transaction activity. Notably, this was the first time Cardano surpassed the standard crypto’s adjusted transaction volume.

On the other hand, Ethereum is still well-recognized as a smart contract leader. In fact, it has seen plenty of success seeing as developers continue to scramble to the network.

However, this has led to network congestion for Ethereum which has driven up gas fees. Therefore, users have opted towards speedy Proof-of-Stake (PoS) rival blockchains like Cardano where gas fees are relatively cheaper.

In recent months, Cardano’s development has been commendable and can be seen in the growth of its market capitalization. In addition, the Cardano blockchain has expanded by approximately 13 GB since the beginning of the year, meaning a lot of chain activities.

Above all, these elements represent a dynamic Cardano blockchain. At the time of writing, the ADA price is $0.881696 with a 24-hour volume of $1.5 billion. Despite the recent attempt to stage a comeback, ADA is still approximately 71.55% away from its all-time high of $3.10 back in September 02, 2021.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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© Reuters Cardano Outshines Ethereum and XRP in Transaction Volume
    • community is busier due to ongoing on-chain activity surges.
    • Cardano flips and in transaction volume.
    • Cardano blockchain expanded by 13GB since the beginning of the year.

The Cardano community is busier than ever. A burst of events caused Cardano to surpass Ethereum and XRP’s transaction quantities in the last 24 hours. According to Messari statistics, the Cardano blockchain processed a report of $17.03 billion, Ethereum registered a busting transaction quantity of $4.49 billion and XRP sat at $431 million.

In addition, this is not the first time Cardano has surpassed Ethereum in daily transaction volume. Earlier this month, Cardano led both and Ethereum for transaction activity. Notably, this was the first time Cardano surpassed the standard crypto’s adjusted transaction volume.

On the other hand, Ethereum is still well-recognized as a smart contract leader. In fact, it has seen plenty of success seeing as developers continue to scramble to the network.

However, this has led to network congestion for Ethereum which has driven up gas fees. Therefore, users have opted towards speedy Proof-of-Stake (PoS) rival blockchains like Cardano where gas fees are relatively cheaper.

In recent months, Cardano’s development has been commendable and can be seen in the growth of its market capitalization. In addition, the Cardano blockchain has expanded by approximately 13 GB since the beginning of the year, meaning a lot of chain activities.

Above all, these elements represent a dynamic Cardano blockchain. At the time of writing, the ADA price is $0.881696 with a 24-hour volume of $1.5 billion. Despite the recent attempt to stage a comeback, ADA is still approximately 71.55% away from its all-time high of $3.10 back in September 02, 2021.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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