Cardano transaction volume hits all time high as whale selling sparks correction risk

Cardano recorded its highest-ever network activity in Epoch 660, with 1,780,896 transactions processed according to data from Cexplorer. This surge in activity surpassed the previous all-time high of 1,566,974 transactions set in Epoch 304, highlighting a significant increase in on-chain usage for the Cardano blockchain. The average number of transactions per block reached 83.83, while network fees generated peaked at approximately ₳337,720 during the same period. This level of activity, paired with rising fees, indicated strong usage and heightened engagement across the Cardano (ADA) ecosystem. Cexplorer, a Cardano-focused blockchain explorer, provides real-time analytics and transaction monitoring for the network.

Source: CoinTurk News