At the same time as the ADA price jump, Cardano’s trading volume crossed the Atrium
Yesterday, after Cardano’s price peaked in the last 7 weeks, its trading volume crossed the Atrium. The jump in trading volume and prices came after the announcement of the launch of Cardano’s first decentralized exchange office.
To Report According to data from the Messari website, Cardano managed to overtake Atrium in terms of 24-hour trading volume yesterday. Cardano’s trading volume reached $ 7.02 billion yesterday, up from $ 5.41 billion for Atrium. Atrium has now regained its position from Cardano.
Atrium and Cardano are in close competition in the adjusted trading volume. Cardano users paid only $ 75,380 in transaction fees in the last 24 hours, while Atrium Network paid $ 43.90 million.
Critics tend to question the platform’s usefulness because of the limited activities of the Cardano blockchain, calling it the “ghost chain.” Nevertheless, some prominent decentralized programs are currently on the list of projects of this blockchain-based China. Programs such as Ardana Stable Quinn Hubs, Maladex Decentralized Exchange, MELD Decentralized Banking Protocol, and an NFT marketplace called CNFT.IO are now active on the network.
As previously reported, SundaeSwap, Cardano’s first decentralized exchange, announced yesterday the launch of its initial version for Thursday.
John Woods, director of architecture at the Cardano Blockchain Foundation at the IOHK Foundation, explained the network’s many scalable solutions that are expected to be implemented by 2022. Ongoing projects include the improvement of Plutus, Hydra, side chains, and Mithril scripts. He also said that there are many projects that are completing their development process.
Woods said:
Depending on how busy the Cardano network is at a given time, your transaction may take a little longer. However, we have a really strong program for scalability.
A few days ago, Vitalik Butrin asked his followers on Twitter in a poll which currency, except Atrium, could become the world’s main currency by 2035. In this poll, Cardano received the most votes.
Cardano’s price has risen 2.48% in the last 24 hours and its return for the last seven days has been 35.48%.
Cardano is currently the fifth largest digital currency in terms of market value, once again surpassing the USDC and Solana.