I'm excited to share the news that Cardano's ADA has experienced a 238% increase in daily activity on a year-to-date basis. This is just one of many reasons I believe Cardano is the future of blockchain technology.
It's also why I'm so proud to support them. Cardano has outperformed Bitcoin, Ethereum, Dogecoin, and Algorand in terms of total daily transaction volume. It has experienced a 16% increase in daily on-chain transfer volume. It's growing and becoming more popular each day.
This crypto is only 5 years old, but it's already doing better than some of the most established coins. That's because Cardano is focused on scalability and security—it has a unique approach to solving some of the issues facing cryptocurrencies today. Cardano has also been designed to allow for upgrades to the platform over time, which will make it easier for new features to be added as they become necessary.
Cardano's ADA token has a total market cap of $1.3 billion, with 70.6% of the supply being staked. That means that the remaining 29.4% is available for trading and investment, which makes it a good time to get in on this promising coin!