Cardano Surpasses ETH and BTC With A Trading Volume Of $42.1 Billion

With over $42.1 billion in transaction volumes, Cardano (ADA) has outperformed both Bitcoin (BTC) and Ethereum (ETH). In the past 24 hours, Cardano has witnessed trading volumes six times higher than that of Ethereum. It has a present value of over $42.1 billion, according to the latest statistics from mesari. Generally, Cardano is the most active on-chain cryptocurrency, with the highest trading volumes and adjusted trading volume over the past 24 hours.

Cardano Outshines BTC And ETH

Cardano surpassed the two most popular cryptos, BTC and ETH, with $36.39 billion and $7.43 billion, respectively. Adjusted trading volume remains a viable option for isolating just the most critical transactions.

In terms of adjusted trading volumes, Cardano beat major digital currencies Bitcoin and Ethereum, with a 24-hour trading volume of $41 billion compared to Ethereum’s $5.94 billion and Bitcoin’s $13.83 billion.

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Large Transactions Recorded On The Cardano Blockchain

In a single day, the Cardano blockchain has seen a tremendous increase in significant transactions worth over $100,000. According to IntoTheBlock statistics, Cardano’s big transactions have increased by roughly 83% in the last day to 6,715.

Also, IntoTheBlock reported that big transactions are transactions where the amount moved surpasses $100,000. The quantity of these transactions on the blockchain offers an estimate of how much institutional players and whales transact on a particular day. If the activity of institutional sellers and buyers increases, it will be shown by a high amount of transactions.

As published by U.Today, ADA continues to witness accumulation, with huge addresses owning 100,000 to 1 million coins purchasing more than 16 million ADA as the price approached $1 on the first of March.

In related news, AdaSwap, a decentralized exchange that uses Cardano, has raised $2.6 million in investment from iAngels, Banter Capital, GBV Capital, Pluto Digital, and Finova Capital. One of the Angel investors is popular actress Gal Gadot from Israel, whose acting career soared after her role in “Wonder Woman.”

According to the ex-model, taking part in AdaSwap’s capital round was an “interesting opportunity to invest.” Charles Hoskinson, the creator of Cardano, has officially welcomed the actress into the “Cardano circle.”

Cardano (ADA)

Charles Hoskinson, a co-founder of Ether, established Cardano in 2015. Cardano Foundation, situated in Zug, Switzerland, oversees and supervises the project’s progress. ADA is the world’s biggest crypto to run on a proof-of-stake platform, which is considered a more environmentally friendly alternative to the proof-of-work system used by BTC and ETH. Presently, Cardano (ADA) is trading at $0.926, with a price drop of about 1.50% in the last 24 hours. As seen on CoinMarketCap, the market cap is approximately $31.2 billion.

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