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Data: Cardano Large Transaction Volume to Increase More Than 50 Times in 2022

By WebsCryptoMarch 30, 20221 Min Read
Data: Cardano Large Transaction Volume to Increase More Than 50 Times in 2022
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On March 30, crypto data firm IntoTheBlock reported that the volume of large transactions on the Cardano ADA -0.40% blockchain 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.

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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.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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