Seriously, I'm scratching my head.
I'm hoping you all can help me make sense of what I'm seeing.
Cardano is making in over $3.48M in fees annualized.
Should you be at all bullish on $ADA? đ
Cardano has been dubbed the "great tech" blockchain, but when I look at the numbers, I'm left wondering...
Let me break down what I'm seeing:
âą Market Cap: Sitting at $12.6B, ranking 11th among all cryptocurrencies. It's on all the major exchanges.
âą Transaction Speed: Cardano's TPS is currently 0.28. That's about 25,000 transactions per day.
âą Fee Revenue: In the last year, Cardano collected $3.48M in fees. Last 6 months? Just $1.27M.
Please humor me for a sec:
âą Solana: 7,229 TPS
âą Tron: 272 TPS
âą Ethereum: 62.34 TPS
Cardano: 0.28 TPS
TPS can be manipulated, and it doesn't always reflect real-world usage. But still, this gap is...godsend.
The $12B Question?
Here's what's keeping me up at night: How does Cardano's current usage justify a $12B market cap? Am I missing something crucial here? Is there some killer app or use case that I'm overlooking? Or is this a case of the market betting big on future potential?
My Take (but I could be wrong)
Personally, I'm struggling to reconcile the "great tech" narrative with these numbers. It feels like there's a disconnect between Cardano's valuation and its current real-world impact.
