Cardano

Solana

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
According to data provided by cryptocurrency analytics platform <a href="https://app.artemisanalytics.com/chains">Artemis</a>, Solana is absolutely crushing Cardano in terms of user adoption.
In fact, the former has 126 times as many daily active actresses as Cardano.&nbsp;&nbsp;
This is despite the fact that these chains were once pitched as equally competitive "Ethereum killers."
On Sept. 7, Solana <a href="https://app.artemisanalytics.com/chains">recorded</a> 4.6 million daily active addresses. For comparison, Cardano pales in comparison to Solana with an infinitesimal 31,700 addresses.&nbsp;
Solana, of course, is also way ahead of Cardano in other metrics. On Sept. 7, it managed to generate 35 million transactions compared to Cardano's measly 53,400.
On top of that, Cardano is lagging behind in terms of total value locked (TVL) and DEX trading volume.&nbsp;
As <a href="https://u.today/cardano-ada-sees-sudden-surge-in-trading-activity-what-happened?amp">reported by U.Today</a>, Cardano recently experienced a surge in trading activity. This could be an indicator of a future price spike.&nbsp;
That said, the blockchain’s fundamentals remain extremely poor despite the recently successful launch of the Chang hard fork, which brings decentralized governance to the network.&nbsp;

Solana Crushes Cardano in Key Metric

U_Today

Other articles published on Sep 9, 2024

How to use technical analysis for indices trading strategies

Ripple Announces Smart Contracts for XRP Ledger, Expanding Features for NFTs, AMMs, and DEXs

Bitcoin Whales Accelerate $BTC Accumulation Amid Market Downturn

Harris Skips Crypto Regulation as Trump Leads Polymarket with 52%

Aptos Welcomes Brevan Howard, BlackRock, and Hamilton Tokenized Funds by Libre

iPhone 16 series, AI and more: all the major announcements from #AppleEvent 2024

Join our free newsletter for daily crypto updates!