Cardano (ADA) enthusiasts shared statistics: the blockchain eclipsed Bitcoin (BTC) by transaction volume
As activity on the Cardano (ADA) decentralized finance (DeFi) ecosystem increases, the aggregate volume of all transactions recorded on it has reached new highs.
Cardano (ADA) daily transaction volume prints new highs
An anonymous Cardano (ADA) enthusiast who goes by @Haskellion on Twitter has shared statistics from Messari’s terminal. It displays the net volume of transactions handled by this or that blockchain in the last 24 hours and total fees collected.
According to data from Messari, Cardano (ADA) eclipsed Bitcoin (BTC) by USD-denominated trading volume in 24 hours. Cardanians sent $33.45 billion equivalent while Bitcoiners sent $33.27 billion.
At the same time, the Bitcoin (BTC) network generated 23x more fees than Cardano (ADA): for Bitcoin, this metric reached $860,000, while for Cardano (ADA), it sits at $38,000.
To provide some context, Cardano’s main smart contract competitor, Ethereum (ETH), charged its customers $14.7 million in fees over the past 24 hours.
Cardano-Ergo DEX is on the eve of mainnet launch
Most likely, this increase can be attributed to the inflow of liquidity into the ecosystem of Cardano-based decentralized finance (DeFi) protocols.
As covered by U.Today previously, Cardano’s DEX, AdaSwap, is now endorsed by Israeli actress Gal Gadot, an award-winning global movie superstar.
Another Cardano-based DeFi protocol, ErgoDEX – which is set to bridge the Cardano (ADA) and Ergo blockchains – is getting closer to mainnet release.
His team shared a preview: ErgoDEX is going to have decentralized exchange functions, a liquidity provision (LP) module, and other DeFi-specific instruments.
