Ethereum

Cardano

Propel

Read

<ul> 
 <li>Cardano consistently outperforms Ethereum in large transaction volume.</li> 
 <li>Despite a 2.56% price drop, Cardano attracts significant whale transactions.</li> 
 <li>While Cardano dreams of flipping Ethereum in market capitalization, its $18.3 billion cap remains a fraction of Ethereum’s $302.5 billion.</li> 
</ul> 
<p>Cardano (ADA) has emerged as a formidable player, outperforming Ethereum (ETH) in a subtle yet significant manner. Data from IntoTheBlock reveals that Cardano’s 30-day volume of large transactions has eclipsed that of Ethereum, pointing to a remarkable trend in the crypto space.</p> 
<p>According to IntoTheBlock, Cardano boasts an average daily settlement of $13 billion in large transactions, defined as those exceeding $100,000 in fiat value. In stark contrast, Ethereum records a mere $5 billion in whale transactions on a weekly average. This surprising revelation underscores Cardano’s ability to attract substantial transactional activity, highlighting its growing prominence in the market.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Cardano whales have been quite active for the past few months. $13B in large transactions (&gt;$100k) is being settled on Cardano daily on average. A significant amount, if you compare it to Ethereum's $5B 7-day average. <a href="https://t.co/8rjeQZaonU">pic.twitter.com/8rjeQZaonU</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1747915671583731726?ref_src=twsrc%5Etfw">January 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Despite a 2.56% dip in Cardano’s market price and capitalization over the past 24 hours, the platform continues to be a magnet for market whales. The data showcases Cardano’s resilience, maintaining a substantial advantage in whale transaction volume compared to Ethereum. This resilience becomes even more apparent amid the current bearish sentiment prevalent in the broader cryptocurrency ecosystem.</p> 
<p>While Cardano community members harbor ambitions of seeing the protocol overtake Ethereum in market capitalization, the reality remains that Cardano’s $18.3 billion market cap is only a fraction of Ethereum’s colossal $302.5 billion. The road to surpassing Ethereum in market cap may be a distant dream, but Cardano’s strengths lie in areas such as whale volume and developer activity.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/cardanos-latest-updates-propel-ada-to-new-heights/">Cardano’s Latest Updates Propel ADA to New Heights!</a></li>
 <li><a href="https://cryptonewsland.com/did-cardano-get-a-surprise-appearance-at-the-super-bowl/">Did Cardano Get a Surprise Appearance at the Super Bowl?</a></li>
 <li><a href="https://cryptonewsland.com/analysts-eye-potential-drop-but-bullish-factors-could-propel-bitcoin-to-28k/">Analysts Eye Potential Drop, but Bullish Factors Could Propel Bitcoin to $28K</a></li>
 <li><a href="https://cryptonewsland.com/what-factors-could-propel-xrp-to-its-coveted-1-mark/">What Factors Could Propel XRP to Its Coveted $1 Mark?</a></li>
 <li><a href="https://cryptonewsland.com/cardanos-potential-soars-over-65-surge-projected-in-december/">Cardano’s Potential Soars: Over 65% Surge Projected in December!</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/cardano-surpasses-ethereum-whales-propel-ada-with-massive-transactions/">Cardano Surpasses Ethereum: Whales Propel ADA with Massive Transactions</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Cardano Surpasses Ethereum: Whales Propel ADA with Massive Transactions

Crypto News Land

Other articles published on Jan 18, 2024

Crypto Market Update: Shiba Inu (SHIB) Burn Rate Higher Than Ever; Retik Finance (RETIK) Gets Cer...

South Korea Considers Abolishing Taxes on Crypto Gains

How crypto becomes a big player in the 2024 presidential elections

Elon Musk Effect Sees Lucky Trader Turn $10,000 Into $1.3 Million With TROLL Meme Coin

SEC’s Gary Gensler Warns Over AI ‘Monoculture’ Risks to Finance Sector

Ethereum ETF Speculations and Bitcoin Halving: Market Movements Ahead

Join our free newsletter for daily crypto updates!