Cardano transaction volume increases significantly

Out new data coming from Messari, Cardano (ADA) is said to have seen six (6) times more Ethereum transaction volumes in the past 24 hours. This equates to a current value of approximately $42 billion.

Cardano outperforms Bitcoin or Ethereum

It also appears that Cardano is generally at the top of the on-chain activity list. With this, the altcoin outperformed the larger cryptocurrencies Bitcoin and Ethereum, which have recorded approximately $13.83 billion and $5.94 billion respectively in transaction volume over the past 24 hours. The difference also appears to be of considerable magnitude.

In addition, there would also be an increase in large transactions (of at least $100,000 in value) in the past 24 hours. Reportedly, this number of large transactions has increased by almost 83% to approximately 6,700. These increases in the volume of large transactions seem to indicate increased activity among institutional buyers and sellers.

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Financing AdaSwap

In other but similar news, the decentralized Cardano-based exchange called “AdaSwap” has reportedly secured $2.6 million in funding from investors such as Pluto Digital, GBV Capital, iAngels, Finova Capital and Banter Capital.

Israeli actress Gal Gadot, who became an international superstar in 2018 with ‘Wonder Woman’, is one of the investors who have put their money into the project.

The former model says participating in AdaSwap’s funding round was “an exciting investment opportunity” for her. Cardano founder Charles Hoskinson has reportedly welcomed Gadot, a former Israeli soldier, into the “Cardano family.”