Cardano (ADA) Beats Dogecoin, Ethereum and Bitcoin in On-Chain Transfer Volume Growth
The post Cardano (ADA) Beats Dogecoin, Ethereum and Bitcoin in On-Chain Transfer Volume Growth appeared on BitcoinEthereumNews.com. Alex Dovbnya Cardano (ADA) has experienced a 238% increase in on-chain transfer volume this year According to a recent report published by...
Cardano (ADA) has experienced a 238% increase in on-chain transfer volume this year
According to a recent report published by Kraken Intelligence, Cardano (ADA) experienced a 16% increase in daily on-chain transfer volume.
The cryptocurrency has sufficiently outperformed Bitcoin, Ethereum, Dogecoin, and Algorand. Notably, the largest meme coin experienced a 54% drop in on-chain transfer volume in July.
Image by docsend.comCardano’s ADA has experienced a 238% increase in daily activity on a year-to-date basis.
The report believes that the launch of various applications, such as decentralized exchange SundaeSwap and metaverse gaming application Pavia, is the main reason behind the growth.
The Vasil hard fork, which was expected to launch in July, also contributed to significant growth. As reported by U.Today, the rollout of the much-anticipated upgrade has been postponed due to technical issues.
Source: https://u.today/cardano-ada-beats-dogecoin-ethereum-and-bitcoin-in-on-chain-transfer-volume-growth
Post navigation
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
