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AZCoinnews

01/17/2022

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Cardano (ADA) surpassed Ethereum (ETH) by daily transaction volume

According to Messari, Cardano has been leading Ethereum in trading volume over the past 24 hours. The recorded figure is $7.02 billion and $5.41 billion adjusted transaction volume. Source: Messari Cardano surpasses Ethereum by transaction volume as ADA price...

Cardano (ADA) surpassed Ethereum (ETH) by daily transaction volume

According to Messari, Cardano has been leading Ethereum in trading volume over the past 24 hours. The recorded figure is $7.02 billion and $5.41 billion adjusted transaction volume.

cardano-ada-surpassed-ethereum-eth-by-daily-transaction-volume

Source: Messari

Cardano surpasses Ethereum by transaction volume as ADA price soars

Notably, Cardano users only paid $66,058 in transaction fees over the past 24 hours compared to Ethereum’s $44.74 million.

While critics tend to dismiss Cardano as a “ghost chain,” there are already some prominent dApps running on the top of the proof-of-stake blockchain, such as stablecoin hub Ardana, decentralized exchange Maladex, decentralized banking protocol MELD, and NFT marketplace CNFT.IO.

Cardano-powered decentralized exchange SundaeSwap recently announced that it would launch its mainnet this Thursday.

Last week, Cardano (ADA) also won a poll posted by Ethereum founder Vitalik Buterin in which he asked what alternative Ether could become the world’s dominant cryptocurrency by 2035. CoinMarketCap data shows that ADA is up around 7%. It has gained more than 26% in the past week.

It is currently the fifth-largest cryptocurrency by market capitalization, surpassing USD Coin and Solana.

Sign up for a Binance account here (Discount 10% trading fees): https://accounts.binance.com/en/register?ref=29171587

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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.


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