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.
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