The Cardano network has shown “positive trends” throughout 2023 across several on-chain metrics, according to the analysis conducted by IntoTheBlock, including the examination of transaction count, transaction volume, and addresses in profit, among others.
A top-level highlight of the report noted that transaction count and transaction volume “stand out clearly.”
Cardano transactions
The Cardano transaction count has been relatively stable during this bear period – posting a 33.5% increase from yearly lows around mid-April.
Source: @intotheblock on Twitter.com
In terms of transaction volume, the chart below shows an uptrend since the start of the year – leading to a year-to-date increase of 205%. This equates to over 26 billion ADA transacted daily.
“Recently, there was a notable peak in daily transaction volume, reaching a three-month high with 98,000 transactions in a single day.“
Source: @intotheblock on Twitter.com
Other key points
Analysis of addresses in profit re
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