In the last 24 hours, Cardano (ADA) has overshadowed the world’s biggest altcoin Ethereum (ETH) in terms of transaction volumes. As per the data of messari, The transaction volume of Cardano was $7.02 billion and Ethereum’s transaction volume was $5.41 billion.
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The data also revealed that the Cardano users also paid fewer fees than Ethereum. The users of Cardano only paid $66,058 while the Ethereum users paid $44,74 million. Sundaeswap, a decentralized exchange that is powered by the Cardano blockchain has announced that they are going to launch their mainnet this Thursday.
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The Director of the Architecture of Cardano (ADA), John Woods has stated that they are going to implement numerous scaling solutions in the year 2022. Currently, Cardano’s native token ADA is trading at $1.522 and right now it is up by 11%.