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Cardano vs. Ethereum: ADA outperforms ETH transaction volume



 Cardano has surpassed Ethereum in daily transaction volume, even if it was a fraction of ETH's transaction fees.



Cardano vs. Ethereum

Data from Messari shows Cardano (ADA) ahead of Ethereum in terms of transaction volume over the last 24 hours. This accounted for USD 7.02 billion for ADA and USD 5.41 billion for ETH.


Interestingly, Cardano users only paid $66,058 in transaction fees in the last 24 hours compared to Ethereum’s $44.74 million.


While critics are calling Cardano a ghost chain, some prominent dApps are already running on the proof-of-stake blockchain such as stablecoin hub Ardana, decentralized exchange Maladex, decentralized banking protocol MELD, and NFT marketplace CNFT.IO.


Cardano recently announced the decentralized exchange SundaeSwap that it will launch its mainnet this Thursday.


John Woods, Director of Cardano Architecture at Input Output, detailed numerous scaling solutions expected to be implemented in 2022, including the Plutus, Hydra, Sidechains, and Mithril. He also said that there are an enormous number of projects that are nearing the completion of their development.


“You may have a few extra minutes to go through your transaction depending on how busy it is at any given time. However, we have a really, really solid plan for scaling.”


Last week, Cardano also won in a poll conducted by Ethereum co-founder Vitalik Buterin to see which ETH alternative could become the world's dominant cryptocurrency by 2035.


ADA price is up around 7%, over the past week Cardano is up more than 26%.



ADA has thus managed to jump into the top 5 and left the stablecoin USD Coin and Solana behind.

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