Logo
Cardano Ecosystem

BitcoinEthereumNews

03/05/2022

·

955 views


Cardano (ADA) Becomes Most Used Blockchain with Lowest Fees: Data

The post Cardano (ADA) Becomes Most Used Blockchain with Lowest Fees: Data appeared on BitcoinEthereumNews.com. Vladislav Sopov Cardano (ADA) enthusiasts shared the statistics: the blockchain eclipsed Bitcoin (BTC) by transactional volume Contents Cardano (ADA) daily transaction volume prints new...

Cardano (ADA) Becomes Most Used Blockchain with Lowest Fees: Data

Cardano (ADA) enthusiasts shared the statistics: the blockchain eclipsed Bitcoin (BTC) by transactional volume

Contents

  • Cardano (ADA) daily transaction volume prints new highs
  • Cardano-Ergo DEX is on the eve of mainnet launch

As the activity on the Cardano (ADA) decentralized finance (DeFi) ecosystem increases, the aggregated volume of all trasactions registered on it spiked to new highs.

Cardano (ADA) daily transaction volume prints new highs

An anonymous Cardano (ADA) enthusiast who goes by @Haskellion on Twitter has shared the statistics from Messari’s terminal. It displays the net volume of transactions handled by this or that blockchain in the last 24 hours and total fees collected.

#CARDANO HAS THE LARGEST 24HR VOLUME WITH THE LOWEST AMOUNT OF FEES BY A LONGSHOT

#1 DEVELOPER ACTIVITY

LOOK AT THE TRENDS, WE KNOW WHERE THIS IS GOING pic.twitter.com/L8EwS9vZPL

— HASKELLION (@Haskellion) March 4, 2022

According to Messari data, Cardano (ADA) eclipsed Bitcoin (BTC) by USD-denominated transaction volume in 24 hours. Cardanians sent $33.45 billion in equivalent while Bitcoiners sent $33.27 billion.

At the same time, the Bitcoin (BTC) network generated 23x more fees than Cardano (ADA): for Bitcoin, this metric reached $860,000, while for Cardano (ADA) it sits at $38,000.

To provide context, Cardano’s main competitor in the smart contracts space, Ethereum (ETH), charged its clients with $14.7 million in fees over the last 24 hours.

Cardano-Ergo DEX is on the eve of mainnet launch

Most likely, this increase can be attributed to the inflow of liquidity into the ecosystem of Cardano-based decentralized finance (DeFi) protocols.

As covered by U.Today previously, Cardano’s DEX, AdaSwap, is now endorsed by Israeli actress Gal Gadot, an award-winning world cinema superstar.

Another Cardano-based DeFi protocol, ErgoDEX – which is set to bridge the Cardano (ADA) and Ergo blockchains – is getting closer to mainnet release.

Since the Cardano launch is right around the corner, we decided to give everyone a sneak preview of what they can expect to see, stay tuned! pic.twitter.com/mJyELaG23l

— ErgoDEX (@ErgoDex) March 4, 2022

Its team has shared a sneak preview: ErgoDEX is going to have decentralized exchange functions, a liquidity providing (LP) module and other DeFi-specific instruments.

Source: https://u.today/cardano-ada-becomes-most-used-blockchain-with-lowest-fees-data

Vladislav Sopov

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/blockcha...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)