Cardano processes around 75,000 daily transactions

According to data from blockchain explorer Messari, Cardano is processing around 75,000 transactions daily and more are expected.

Cardano operations are on the rise and blockchain explorer Messari has noted that it reached around 75,000 daily transactions and this is expected to increase further, according to Arman Shirinyan at U Today .

With the upcoming variety of new solutions on the Cardano network, the network 's transaction count is expected to rise rapidly. Synthetic tokens, stablecoins and decentralized loans will become the main sources of transactional activity , which can earn up to 100%.

As of now, the number of transactions on the network represents regular transactions between users and business operations on various platforms . If we compare Cardano with Ethereum, we will see how the network activity increases after the creation and adoption of DeFi platforms and applications.

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With the increasing number of transactions on the network, we will see the general evolution of Cardano as more transaction fees are paid and developers will be incentivized to create more applications that will help with the mass adoption of the ecosystem.

Most Cardano investors and developers believe that with the increasing rate of adoption, we will see an increase in network capacity as the blockchain is more than ready to cover an unexpected surge in transactional activity , with its limit of TPS well above current values.

Fortunately, Cardano never had a problem with transaction fees and network congestion , unlike Ethereum, which used to offer users up to $100 per transaction or contract interaction. For now, the transaction cost on both Cardano and Ethereum is almost the same.

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Cardano is trading at 0.5359 at noon and the 70-period moving average is on the last two candlesticks.

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