On March 30, crypto data firm IntoTheBlock reported that the volume of large transactions on the Cardanoblockchain has increased by more than 50 times this year. Large Transaction Volume (LTV) refers to the total volume of transactions worth more than $100,000 in ADA.
Since January 1st, Cardano’s LTV has increased from 1.35 billion ADA per day to 69 billion ADA (worth $81.4 billion) on March 28.
That’s a 51-fold increase in about three months and is one of the highest levels since mid-2018, according to IntoTheBlock. IntoTheBlock tweeted on March 29 that such high transaction volumes indicate increasing institutional demand.