Cardano (ADA) surpasses Ether and XRP in transaction volume

Cardano's network is busier than it's ever been. Cardano's transaction volume has surpassed that of Ethereum and XRP in the previous 24 hours, thanks to a rush of activity.


Cardano's network is busier than it's ever been. Cardano's transaction volume has surpassed that of Ethereum and XRP in the previous 24 hours, thanks to a rush of activity.
Cardano

According to defillama, 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.


Defillama

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.


In addition, Cardano had previously exceeded Ethereum in terms of daily transaction volume. Cardano recently outperformed Bitcoin and Ethereum, the two largest cryptos in terms of transaction volume.


Notably, this was the first time Cardano's adjusted transaction volume surpassed that of the benchmark cryptocurrency.


As developers hurry to join the Ethereum network, which is widely regarded as the leader in smart contracts, the network has experienced a lot of success. However, this has resulted in network congestion, which has resulted in higher gas prices.


Users have flocked to faster proof-of-stake (PoS) rival blockchains like Cardano, which have lower transaction costs.