CandleFocus Solana Crushes Cardano in Key Metric
2024-09-09
Author: Content Editor
The data from cryptocurrency analytics platform Artemis reveals that Solana has significantly outperformed Cardano in terms of user adoption. Solana has 126 times more daily active addresses than Cardano, even though both chains were once considered competitive alternatives to Ethereum. On September 7, Solana had 4.6 million daily active addresses, while Cardano only had 31,700. Solana also excelled in other metrics such as transaction volume, generating 35 million transactions compared to Cardano's 53,400. Additionally, Cardano lags behind in total value locked (TVL) and decentralized exchange (DEX) trading volume. Although Cardano recently experienced a surge in trading activity, its blockchain fundamentals remain weak despite the successful launch of the Chang hard fork.
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