According to Messari, Cardano is ahead of Ethereum in terms of transaction volume over the past 24 hours ($7.02 billion and $5.41 billion respectively).
Despite the higher daily transactions, Cardano users paid only $66,058 in transaction fees in the last 24 hours. Compared to Ethereum at $44.74 million.
Currently, prominent dApps running on top of Cardano’s blockchain include stablecoin hub Ardana, decentralized exchange Maladex, decentralized banking protocol MELD, and NFT token marketplace CNFT.IO.
John Woods, Cardano Architecture Director at Input Output, discussed the many scalable solutions expected in 2022 (Plutus, Hydra, sidechains, and Mithril script optimizations). A ‘massive’ number of projects nearing completion.
The price of ADA tokens also rose about 7%, according to CoinMarketCap data. and has increased by more than 26% over the past week.
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