Cardano’s network activity is second only to Bitcoin, according to Hoskinson

Charles Hoskinson, Co-Founder and CEO of Input Output Global (“IOG”), the organization in charge of Cardano’s research and development, examined 24-hour transaction volumes across various blockchais on Sunday (May 29).

According to a tweet from Hoskinson, Cardano’s 24-hour transaction volume was $9.57 billion. That’s, second only to Bitcoin and greater than Ethereum, according to data from Messari.

The 24-hour transaction volumes for Bitcoin, Cardano, and Ethereum are $10.32 billion, $9.24 billion. Then, and $2.52 billion, respectively, at the time of writing.

This must have been a happy moment for Hoskinson, who must be sick of Cardano critics who have referred to it as a “ghost chain” on several occasions. One of the most recent examples of such attacks is as follows: