Analytics platform Messari has provided key insights into the performance of the Cardano network in its compelling Cardano Q2 2023 Status Report.
As noted in the report, average daily dApp transactions on the Cardano network increased for the third quarter in a row, with DApp activity increasing 49.0% in Q2 with an average of 57,900 daily transactions, which Minswap and new dApps had. overall growth contributor
Cardano’s automated market maker (AMM), Minswap, was the most popular Cardano dApp in terms of transactions in Q2, processing 1 million transactions per month in May and June, up 167.5% QoQ.
DeFi TVL on Cardano in US dollars was up 9.7% from the previous quarter. This represents 198.6% YTD growth. Additionally, average daily transactions increased 1.9% QoQ from 67,500 to 68,800.
However, ADA’s price and market capitalization is still down 26.9% compared to the previous quarter. Daily active wallet addresses dropped again in Q2, dropping from 60,200 to 57,800, representing a 4.0% drop from the previous quarter.
refer : today
picture twitter.com/MessariCrypto
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