Cardano is constantly beating the “ghost chain” claims, recently outperforming all other networks, including Bitcoin and Ethereum, to top the list of blockchains in chain activity.
Data from crypto-focused research and analytical resource Messari confirms this feat. According to Messari, Cardano currently leads in terms of chain activity over the past 24 hours. Notably, the metric employed by the platform to gauge a network’s chain activity is its on-chain transaction volume.
This metric shows that Cardano beats every other mainstream blockchain network by an impressive margin. Interestingly, Cardano’s 24-hour on-chain transaction volume currently stands at $23.56 billion. Notably, this represents all the transaction volume recorded yesterday.
Before now, Cardano’s on-chain transaction volume averaged $9 billion every day throughout November. However, the network started witnessing an uptick in December, surging to a high of $11.32 billion on Dec. 2. This uptick persisted, with Cardano recording $29.86 billion on Dec. 9.
Cardano Historical Transaction Volume | Messari
Despite witnessing a drop in the days that followed, Cardano has maintained an intraday on-chain volume above the $18 billion mark. The recent $23.56 billion was recorded due to a new upsurge in this metric.
Meanwhile, per Messari data, Bitcoin, the leading blockchain network, comes second on the list, with $13.09 billion in on-chain transaction volume, nearly half of Cardano’s figure. Ethereum, the largest smart contracts network, secures third with just $5.06 billion in transaction volume.
Litecoin sees a volume of $1.51 billion, while the XRP Ledger’s volume only stands at $777 million. Other blockchain networks on the top ten list include Dogecoin, Tron, Bitcoin Cash, Verge, and Stellar.
Why Does This Matter?
It bears mentioning that on-chain volume is different from trading volume. Trading volume refers to the total number of shares, contracts, or assets traded on a specific market, especially on exchanges, during a given period. It is typically a measure of market activity and liquidity.
On the other hand, on-chain transaction volume involves the total number of transactions that occur on a blockchain. It includes all transactions, whether they involve trading, transfers, or other interactions within the network. On-chain transaction volume provides insights into the level of activity and usage of a blockchain.
A high on-chain transaction volume indicates active use of a blockchain for various purposes, such as transfers, smart contract executions, and dApp interactions. This metric helps to evaluate the health and sustainability of a blockchain network, showcasing its utility beyond speculative trading.
Amid the increased on-chain transaction volume, ADA, Cardano’s native token, has witnessed an impressive price surge. ADA recently surged to a 19-month high of $0.68 today before facing opposition. Currently changing hands at $0.6349, the altcoin is up 42% over the past week.
buying clomiphene without dr prescription clomid generic brand where can i get cheap clomiphene price can i order clomid without a prescription cost clomiphene online can you get clomid without rx good rx clomid
This website really has all of the bumf and facts I needed adjacent to this thesis and didn’t positive who to ask.
This website really has all of the low-down and facts I needed adjacent to this case and didn’t comprehend who to ask.
azithromycin 500mg uk – ciplox 500mg price buy metronidazole 200mg sale
oral semaglutide 14 mg – buy cyproheptadine 4 mg cyproheptadine pills
purchase motilium online – motilium pills buy flexeril generic
buy inderal 20mg online – plavix drug methotrexate us
buy amoxicillin – buy generic amoxicillin over the counter ipratropium 100mcg pills
zithromax 500mg tablet – buy azithromycin 250mg sale bystolic 5mg without prescription
augmentin ca – https://atbioinfo.com/ acillin uk
esomeprazole drug – https://anexamate.com/ purchase nexium pills
order coumadin 5mg pill – coumamide losartan 50mg ca
oral meloxicam – https://moboxsin.com/ meloxicam online
order prednisone 40mg generic – inflammatory bowel diseases purchase prednisone generic
best over the counter ed pills – online ed meds non prescription ed pills
amoxicillin drug – amoxicillin generic amoxil price
buy fluconazole 100mg generic – this fluconazole 200mg without prescription
buy cenforce tablets – https://cenforcers.com/ buy cenforce medication
where to buy tadalafil in singapore – this best place to buy tadalafil online
cialis overnight deleivery – https://strongtadafl.com/ what is cialis prescribed for
zantac 300mg without prescription – https://aranitidine.com/ ranitidine 300mg us
100 mg sildenafil – sildenafil 50mg tablets buy viagra malaysia online
The thoroughness in this break down is noteworthy. clomid sin receta
More articles like this would make the blogosphere richer. https://ursxdol.com/prednisone-5mg-tablets/
With thanks. Loads of erudition! https://ondactone.com/simvastatin/
More peace pieces like this would insinuate the интернет better.
buy ondansetron pills
With thanks. Loads of erudition! http://www.predictive-datascience.com/forum/member.php?action=profile&uid=44795
purchase forxiga online – https://janozin.com/# dapagliflozin over the counter
buy orlistat online – https://asacostat.com/ orlistat 120mg usa
Thanks for putting this up. It’s evidently done. https://lzdsxxb.com/home.php?mod=space&uid=5112944