Cardano is witnessing a resurgence of whale interest, as large transactions on the network soar to an average of $13 billion a day over the last seven days.
On-chain data from blockchain surveillance resource IntoTheBlock confirms this trend. IntoTheBlock took to X today to reveal that Cardano has commanded some of the largest daily transaction volumes over the last week, nearly competing with the premier cryptocurrency.
According to the disclosure, the volume of ADA transactions worth at least $100,000 has surged to a daily average of $13.84 billion in the past seven days. Further data suggests that this massive volume is a third of Bitcoin’s volume within the same timeframe, and more than 16x the volume of Dogecoin.