Cardano Surpasses Ethereum and XRP in Transaction Volume on February 27

Cardano outperforms Ethereum and XRP in terms of usability

According to Messari statistics, the Cardano blockchain handled a total transaction volume of $17.04 billion last week, while Ethereum had a total transaction volume of $5.25 billion and XRP had a total transaction volume of $700 million.

Cardano continues to lead Ethereum and XRP in terms of 24-hour adjusted transaction volume, with $12.75 billion, compared to $613 million and $3.56 billion for XRP and Ethereum, respectively.

Cardano had previously exceeded Ethereum in terms of daily transaction volume. Cardano recently outperformed bitcoin and ethereum in terms of transaction volume. Notably, this was the first time Cardano’s adjusted transaction volume surpassed that of the benchmark cryptocurrency.

Cardano’s rise in recent months has been impressive, as seen by its rising market value. Furthermore, the Cardano blockchain has grown by almost 13GB since the start of the year, indicating a lot of chain activity.

ADA’s price dropped $0.888 at publishing time, despite all of these characteristics depicting a healthy Cardano blockchain. Despite recent attempts to launch a comeback, the token is still about 69.3% behind its all-time high of $3.09 reached in September 2021. The seventh-largest cryptocurrency by market capitalization has also dropped 16% in the previous month.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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