Cardano Network Activity Increased by 33%
Cardano network activity has surged, with transaction counts and developer commits showing significant growth. Since its 2017 launch, the Cardano blockchain has processed approximately 123.02 million transactions. Developer activity is also high, with over 303,000 recorded code commits, indicating ongoing protocol improvements. Data from Chainspect notes a nearly 48% single-day jump in activity, with over 24,000 transactions processed. For comparison, Polkadot leads in developer commits (over 701,000), followed by Ethereum (520,000+), Arbitrum (200,000), and Optimism (182,000).
Cardano's Total Value Locked (TVL) increased by 6.05% in 24 hours to $58.01 million, while weekly trading volume on its DEXs rose 22.42% to $9.15 million. Concurrently, ADA's price increased by 13% to $0.2139, with its market cap reaching $7.8 billion and daily trading volume up 52% to $857.6 million.
Developers have announced the roadmap for the Dijkstra upgrade, planned in two phases: first deploying Ouroboros Linear Leios (CIP-164) to increase network throughput, followed by Ouroboros Peras (CIP-140) to accelerate transaction processing.
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