The Cardano blockchain is witnessing a strong surge in large transaction volumes (LTV) which has jumped 50x in three months.
Furthermore, the DeFi TVL on Cardano has surged above $300 making a 39,000 percent increase year-to-date.
One of the top-performing cryptocurrencies over the last two weeks has been Cardano (ADA). During this period the ADA price has surged by a strong 50 percent moving past $1.20 as of press time.
As per the report from crypto intelligence firm IntoTheBlock, the number of large transactions on the Cardano blockchain has shot up by 50x so far in 2022. Large Transaction Volume (LTV) are aggregated volumes from transactions above $100,000 on the Cardano blockchain.
As per IntoTheBlock, Cardano’s LTV has surged from 1.35 billion ADA per day to 69 billion ADA. This is a staggering 51-fold increase in a period of just three months. Interestingly, this also marks the highest volume levels since mid-2018.
The crypto intelligence firm refers to this as the “increa
