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06/02 12:30
Cardano crosses 110M total transactions but techni
Cardano crosses 110M total transactions but technicals signal more downside
Cardano has surpassed 110 million total transactions, marking a significant milestone in the blockchain’s ongoing growth.As of press time, the network has recorded 110.09 million transactions, according to Cardanoscan data. This shows consistent adoption and usage throughout its ecosystem. Furthermore, nearly 22 billion CardanoCardano are currently staked in 2,992 active stake pools, indicating a strong community involvement in network upkeep and security.
ADA’s market performance has remained strained despite the rising network activity. With a modest 0.9% increase over the previous day, the token is now trading at $0.6811. However, ADA is still down more than 11% over the past week.
Over the last day, it has recorded $541 million in trading volume, which represents an 8.5% increase. This shows rising market activity, though not necessarily in a bullish direction.
In the derivatives market, open interest has increased by 2% to $818 million while trading volume is up by over 13% to $1.14 billion. This rise in leverage suggests that more traders are betting on ADA, possibly in expectation of more volatility or directional movements.
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