The number of daily transactions on Cardano has surged above 100,000 in the last 15 days.
Cardano has been silently achieving significant milestones in terms of network adoption, as the number of daily transactions on the network has continued to be on the increase in recent times compared to what was recorded in the early days.
Contrary to the argument that Cardano is not widely used, data on Cardanoscan shows that the network now averages over 100,000 transactions per day.
In the last 15 days, the Cardano network has completed over 100,000 transactions on a daily basis, with the highest number of transactions completed on the network recorded on April 28, 2022, where a total of 134,723 transactions were recorded.
Cardano Daily Transactions Expected to Surge
Although the feat is nothing compared to what is being recorded on Ethereum, one of Cardano’s closest rivals, which has an average daily transaction of 1.1 million, transaction volume on Cardano is expected to surge when the blockchain is used at the same capacity as Ethereum.
A Twitter user with the username @EdnStuff took to the microblogging platform to share the widespread adoption of Cardano in recent weeks, saying:
“Cardano now averages 100k transactions per day, which currently contain about 3 payments per transaction. Ethereum has about 1.1 million transactions on average per day. Cardano network effectively is used at about 36% the capacity of Ethereum.
A [dead] chain you say?,” @EdnStuff tweeted.
#Cardano now averages 100k transactions per day which currently contain about 3 payments per transaction. Ethereum has about 1.1 million transactions on average per day. Cardano network effectively is used at about 36% the capacity of Ethereum. ?
A ? chain you say? pic.twitter.com/BYkD4qWoTL
— Ed n' ₳ltcoins (@EdnStuff) May 1, 2022
According to the user, the ADA community needs to change the standard at which to make comparisons between Cardano and another blockchain.
Cardano Smart Contract Lures Users to the Network
It is worth noting that following the launch of the Alonzo upgrade that added smart contract functionality to Cardano, the network has been widely adopted.
Since the launch of the upgrade, many decentralized applications have gone live with more developers still building dApps on Cardano.
The release of decentralized applications has continued to lure more users into adopting the blockchain to conduct different transactions, ranging from payments to staking.
Although Cardano is yet to release the Hydra upgrade that will enhance the network’s smart contract, daily transactions on Cardano have continued to surge.
The daily transactions are expected to double or triple from its current record when more decentralized applications go live.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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