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Cardano daily transaction volume surges but ADA prices slump

The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari. Cardano (ADA) currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin (BTC) at $18.85 billion and Ethereum (ETH) at $5.25 billion according to Messari, Cardano is in second place in that category and is closing in on the top position for this metric. #Cardano just surpassed $LTC and $ETH in transaction volume. Are you bullish on $ADA? — The Moon (@TheMoonCarl) February 21, 2022 Overall, this month has seen tremendous activity on Cardano. On Feb. 14, 24-hour transaction volume topped $35 billion and on Feb. 19 it reached $31 ...