CandleFocus The Other Side of Cardano: Analyzing the Impact of 0.41 tps on Blockchain Viability
2024-09-21
Author: Content Editor
The current transaction per second (tps) of Cardano is 0.41, which is significantly low and raises concerns about the network's adoption and activity. Higher tps is usually a sign of a busy network and high demand, but Cardano's low tps suggests that the blockchain is either dormant or barely used. This raises questions about Cardano's ability to reach its projected potential in 2024 and suggests underinvestment in the technology. The lack of realistic applications and users on the network may be one reason for the low tps. These low activity levels cast doubt on whether Cardano can support decentralized finance and governance applications.
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