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<ul> 
 <li>Cardano’s ADA sees a 49% surge in daily DApp transactions in Q2 2023.</li> 
 <li>Despite DApp growth, ADA’s NFT activity declines by 35.7% quarter-over-quarter.</li> 
 <li>Cardano’s total value locked (TVL) rises, indicating increased trust in its smart contracts.</li> 
</ul> 
<p>Cardano, in the second quarter of 2023, showcased a blend of promising growth and challenging downturns. According to a recent analysis by crypto analytics firm<a href="https://messari.io/report/cardano-ecosystem-analysis-q2-2023" target="_blank" rel="noopener noreferrer nofollow"> Messari</a>, Cardano recorded an impressive 49% increase in daily DApp transactions, averaging 57,881.&nbsp;</p> 
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 <img decoding="async" width="1024" height="566" src="https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-1024x566.png" alt="" class="wp-image-141175" srcset="https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-1024x566.png 1024w, https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-300x166.png 300w, https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-768x425.png 768w, https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-1536x850.png 1536w, https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-2048x1133.png 2048w, https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-360x200.png 360w, https://cryptonewsland.com/wp-content/uploads/2023/08/image-13-150x83.png 150w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<p>Source: Messari</p> 
<p>This growth was complemented by a nearly 10% rise in its total value locked (TVL), reaching $151.7 million by the end of Q2. Additionally, the metric, representing the capital within its smart contracts, propelled Cardano from 34th to 21st rank among all chains in terms of TVL.</p> 
<p>However, it wasn’t all sunshine for ADA. The quarter also marked a decline in its non-fungible token (NFT) activity. With an average of 2,945 daily NFT transactions, there was a 35.7% decrease quarter-over-quarter. Furthermore, Cardano’s NFT quarterly trading volume dipped by 41.9%, settling at $46.2 million. Messari attributes this NFT downturn to broader market trends.</p> 
<p>Looking ahead, Cardano and its cryptocurrency ADA have a promising trajectory in the crypto realm. With its robust infrastructure and commitment to innovation, ADA is poised to overcome challenges and solidify its position as a leading crypto player.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/from-strength-to-strength-cardanos-dapp-transaction-surge-in-q2/">From Strength to Strength: Cardano’s DApp Transaction Surge in Q2</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

From Strength to Strength: Cardano’s DApp Transaction Surge in Q2

Crypto News Land

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