Cardano (ADA) saw a 238% increase in on-chain transfer volume this year
According to a recent report by Kraken Intelligence, Cardano (ADA) saw a 16% increase in daily on-chain transfer volume.
The cryptocurrency has sufficiently outperformed Bitcoin, Ethereum, Dogecoin, and Algorand. Notably, the biggest meme coin saw a 54% drop in on-chain transfer volume in July.
Cardano’s ADA has seen a 238% increase in daily activity since the start of the year.
The report believes that the launch of various apps, such as decentralized exchange SundaeSwap and metaverse gaming app Pavia, is the main reason for the growth.
The Vasil hard fork, which was to be launched in July, also contributed to significant growth. As reported by U.Today, the rollout of the highly anticipated upgrade has been postponed due to technical issues.
