The Cardano network saw a total transaction volume of more than 30 million in line with the growth of smart contracts which has already recorded over a thousand figures for the first time.
Here are the details of the Cardano blockchain development:
The network has processed 30.4 million transactions
The number of active users has increased by around 150,000 to 200,000
The first 8 days of February - the number of transactions increased by almost 900,000
The ADA price movement has so far shown an increase, rising almost 1% in 24 hours and trading at $ 1.19 at the time of writing.
The ADA once hit a price high before slipping to a daily low, $ 0.916 on Jan. 22, the worst record since the launch of the Alonzo hard fork (May-September).
Yet not sure where the mistake is, the network is struggling to maintain its performance as Solana and Ethereum’s closest competitors.
Fortunately there are several projects that have been developed in this network, thus offering an opportunity for Cardano to continue to grow.
Among the projects that have been introduced:
Decentralized crypto exchange (DEX), SundaeSwap
DeFi application, MuesliSwap
Metaverse Pavia
ERC-20 ‘AGIX’ converter
DApps liaison launched by EMURGO
..and also some collaborations with big brands like: Samsung
Is anyone still hodl THERE?
