| Has Cardano become more popular than BTC?
According to Messari.io, a crypto statistics aggregator, over the past 24 hours, the Cardano network has outperformed Bitcoin (BTC) and Ethereum (ETH) networks in terms of activity in the transaction category.
According to statistics on adjusted transaction volumes, this figure in the Cardano network amounted to $17.15 billion. For comparison, similar results for BTC and ETH for the same period were $15.1 billion and $8.6 billion, respectively.
Read also: Cardano Prediction for 2022: Expert Opinions
Many participants in the crypto industry consider the indicator of adjusted transaction volumes to be more reliable than the indicator of trading volumes. While the latter simply reflects the total value of the assets that have moved on the blockchain, the adjusted metric takes into account factors such as unspent transaction balances (UTXO) and linking transactions to accounts.
Comparing total transaction volume confirms that Bitcoin retained its lead at $36.7 billion versus $17.5 billion on the Cardano network.
Low fees
Over the past 24 hours, the Cardano network has recorded an extremely low level of transaction fees. Thus, according to recent data, the average fee as of February 10 was $0.44.
Over the past 24 hours, the average load on the blockchain has increased to a peak value of 81%. Transactions that were not processed during this period due to high network load were not subject to commission.
Recall that in early February, the block size in the Cardano blockchain was increased to increase network throughput.
This step is associated with the transition of the project to a new phase of development "Basho" (Basho), in which his team plans to direct resources to optimize and scale the network.
Read more: The “Basho” era begins on the Cardano (ADA) network. What to expect in 2022
In addition, the developers announced that they are preparing to introduce an improvement in memory performance for Plutus, a native programming language for smart contracts on the project's blockchain.
Recall also that one of the most important recent milestones in the history of the development of Cardano was the update of Alonzo. It happened in September 2021 and finally made it possible to add the long-awaited support for smart contracts. This has opened the door to NFTs, DApps and DeFi on the web.
See also: Cardano developers were the most active in the development of the network
Development in this direction should increase the attractiveness of the project for users. Recently it became known that the number of wallets, on the balance of which the native coins of the project (ADA) are stored, |
The metric by which Cardano outperformed both BTC and ETH
General Discussion -> Transcripts & Audio 2017 & 2018
