Impressive Declines in Activities and Fees on the Cardano Network

User activity and transaction fees on the Cardano blockchain have shown significant decreases since the beginning of the year. Daily network fees have fallen to $9,000 as of April 15, indicating a 90% decrease compared to the $17,000 fee in January. This decrease in daily transaction fees of Cardano is directly related to the decrease in user activity. Active Wallet Addresses and Transaction Counts on Cardano The daily interaction count of unique wallet addresses on the Cardano blockchain is also on a declining trend. The daily active address count, which was 71,300 on March 6, dropped by 47% to 38,000 as of April 14. This decrease also led to a reduction in transaction counts on the blockchain. The daily transaction count decreased by 47% last month. Impacts on DeFi and NFT Ecosystems The decrease in user activity on Cardano has negatively affected the DeFi and NFT ecosystems as well. The […]

Impressive Declines in Activities and Fees on the Cardano Network

User activity and transaction fees on the Cardano blockchain have shown significant decreases since the beginning of the year. Daily network fees have fallen to $9,000 as of April 15, indicating a 90% decrease compared to the $17,000 fee in January. This decrease in daily transaction fees of Cardano is directly related to the decrease in user activity.

Active Wallet Addresses and Transaction Counts on Cardano

The daily interaction count of unique wallet addresses on the Cardano blockchain is also on a declining trend. The daily active address count, which was 71,300 on March 6, dropped by 47% to 38,000 as of April 14. This decrease also led to a reduction in transaction counts on the blockchain. The daily transaction count decreased by 47% last month.

Impacts on DeFi and NFT Ecosystems

The decrease in user activity on Cardano has negatively affected the DeFi and NFT ecosystems as well. The total value locked (TVL) in DeFi protocols dropped to $306 million, the lowest level in three months. Likewise, NFT sales volume and transaction counts also decreased significantly.

Useful Information

The decreasing daily active wallet addresses on Cardano indicates a decline in network activity for investors and users.
Changes in the DeFi and NFT ecosystems can increase risks for those investing in these platforms.
The decrease in ADA token price and other key indicators requires careful consideration of market movements by investors.

In conclusion, the declining user activity and reduced transaction fees on the Cardano network have led to a decrease in the market value of ADA and the interest of investors. This situation is crucial for ADA investors to evaluate the current state of the market and potential risks.

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