A platform for the internet of the future, Cardano’s smart contract feature competes with Ethereum, drawing exciting Defi projects and applications to its network.
a Report on Cardano has just been released by Grayscale, a leading crypto asset manager. Web 3.0 Crypto Network has been reviewed by the asset management company.
The Cardano network now processes more than 115,000 transactions per day, a 13-fold increase since the beginning of 2021. The platform’s early ecosystem projects attracted a variety of uses for the blockchain.
Cardano has a feature that sets it apart from top competitors like Ethereum: it allows users to send several types of assets in a single transaction. More decentralized initiatives are likely to join the network as a result of this ability.
The report states that despite the price increase, the number of altcoin transactions has also increased.
Cardano is cheaper than Ethereum
Cardano is currently about 45 percent cheaper than Ethereum, according to the asset management company, which rates the cryptocurrency in terms of monthly active users.
Although the Cardano mainnet is still in its infancy, there is an ecosystem of projects testing the capabilities of their smart contracts on the Ethereum-blockchain. the killer
Cardano’s monthly active wallet addresses also exceed the number of Ethereum, reinforcing the myth that ADA is poised to overtake the largest altcoin by market valuation.
In the long term, Grayscale experts expect ADA to be more volatile than Bitcoin and most other altcoins.
The emergence of use cases and initiatives on the Cardano network, according to proponents, is expected to increase network usage and support value rotation in ADA.