- Cardano transactions increased by 1.8 million in May.
- Active addresses and daily active addresses increased, but ADA price declined by 8%.
Cardano [ADA] recently unveiled its monthly roundup, showcasing a remarkable transaction surge within its network. But let’s explore whether this growth resonated with other crucial metrics and ADA.
Transactions on Cardano increases by 1.8 million
In a recent update on May 31, Cardano provided insights into the activities on its network. One of the most significant highlights was the substantial surge in the number of transactions.
According to the report, Cardano witnessed a remarkable increase of 1.8 million transactions, pushing the overall count to 67.2 million transactions. This surge in transaction volume was not the only noteworthy event during the month.
In addition to the transaction spike, there was a significant rise in the creation of native tokens on the Cardano network, with an increase of 150,000 tokens.
Moreover, the launch of Marlowe, a collection of open-source tools designed to simplify the development, testing, and deployment of secure smart contracts on the blockchain, took place on the network’s mainnet.
Considering all these developments, it is worth exploring whether these advancements significantly impacted the on-chain activity within the network.
Cardano active addresses see a slight uptrend
Santiment’s analysis of
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Author: Suzuki Shillsalot
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