Cardano becomes 1st w highest transaction: surpasses BTC and ETH

• According to crypto data provider Messari.io, Cardano outperformed Bitcoin (BTC) and Ethereum (ETH), placing first in the category of highest transaction activity in 24 hours.

• According to transaction behavior, it represents an adjusted transaction volume of $17.15 billion, surpassing BTC and ETH at $15.1 billion and $8.6 billion, respectively.

• When it comes to transaction volume, Bitcoin ranks first with $36.7 billion, while Cardano is second with $17.5 billion.

Cardano: low transaction fees

Cardano transaction fees were extremely low on the last day, reaching $51,985. Input-Output Hong Kong has demonstrated due diligence throughout the last 24 hours.

Failed transactions that occur during peak load times are not charged.

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As of February 10, the most recent available data shows an average transaction charge of $0.44. Over the recent 24-hours, the network’s average blockchain load reached 81 percent.

Adjusted transaction volume provides more information than transaction volume since it defines a method to compare UTXO style transactions and account-based transactions in a fair fashion, whereas transaction volume simply speaks to the total amount transferred on a blockchain.

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Will ADA beat other coins?

The number of wallets containing ADA recently surpassed three million.

Cardano launched its first DEX, SundaeSwap, in January, which was met with criticism after the dApp experienced network congestion issues but has since been working well, with over 75 million ADA traded in just three weeks.

The Plutus platform, a smart contract programming language with the essential capabilities to implement smart contracts, was released with the Cardano Alonzo hard fork in 2021. On the Cardano Network, Plutus script transactions have largely replaced basic transactions. The introduction of decentralized apps has further increased Cardano’s popularity.

Cardano’s native token, ADA, will need to maintain running smoothly in order to remain appealing to other players wishing to enter the arena.