Last Updated on February 22, 2022
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Cardano transcended Ethereum and Litecoin in transaction volume for the second time in a month. Hoskinson’s blockchain has again become one of the most active networks by transaction volume, according to Messari. Cardano’s 24-hour transaction volume stood at $17.04 billion at press time, beating Ethereum and Litecoin with transaction volumes of $5.25 billion and $7.20 billion, respectively. In comparison, the transaction volume on the Bitcoin network was at $18.85 billion. On top of this, the proof-of-stake network stood as the cheapest to transact on among the top three most active blockchains.