Cardano's Activity Surge: Will ADA Soar? Cardano [ADA] has been on a rollercoaster ride lately, with market sentiment swinging back and forth, causing
price fluctuations.
But there's hope! The
network activity is picking up, with a whopping 81,000 successful transactions in the past 24 hours. More users are joining the Cardano blockchain!
DeFi is driving this surge, especially with the Cardano DEX Spectrum hitting a milestone of 1.04 million ADA in daily trading volume. The Total Value Locked (TVL) is also on the rise.
However, not all is rosy. The
NFT space on Cardano seems to be facing headwinds, with sales volume down by 16.30% and fewer buyers by 83.58%.
This decline could impact artists and developers relying on Cardano for NFTs, highlighting the need for innovation and diversity in the marketplace.
