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Report: Activity on the Cardano chain has increased by 268% so far this year, with an average monthly increase of 16%



Time:8/7/2022 12:07:36 PM

[Report: Activities on the Cardano chain have increased by 268% so far this year, with an average monthly growth of 16%] On August 7th, Kraken Intelligence recently released a report entitled "July 2022 Encrypted Chain Summary: Everyone is Paying Attention" ETH" research report. From the perspective of the Cardano community, one of the most interesting parts of the report concerns the "daily on-chain transfer volume (7-day moving average)" metric.

The report states: “Activity on the ADA chain continues to grow significantly, up 268% so far this year and a monthly average of 16%. There have been several notable developments on the blockchain. That said, the growth in transaction volume on the platform may be fueled by the launch of its first DeFi exchange, SundaeSwap, and its first Metaverse gaming app, Pavia.”

The report also stated: “Developers increased the blockchain’s block size limit by 10%, Cardano’s ecosystem expanded to more than 1,000 projects last month, and anticipation of the upcoming hard fork may have boosted ADA’s growth. Transaction volumes grew, and there were some other developments. However, the Vasil hard fork, originally scheduled for June, was delayed by several weeks.” (Crypto Globe)

Other news:

Report: ZB ranks fourth globally in Q3 2020 web page visits: According to the 2020 Q3 Cryptocurrency Spot Exchange Industry Research Report recently released by TokenInsight, ZB ( ZB) ranked fourth in TokenInsight's 2020 Q3 global mainstream exchanges' monthly independent visits and browsing time list with an average monthly visit of more than 50,000 times and an average browsing time of about 3 minutes in the third quarter. [2020/11/10 12:09:43]

Report: DeFi accounts for much less than stablecoins in Ethereum's collateral value: Delphi's recent report shows that the average velocity of Ethereum has increased from more than 0.01 to more than 0.02. This means that DeFi, ETH is used more and more frequently in daily transactions. Interestingly, however, the value growth of Ethereum’s non-ETH-denominated tokens secured more than ETH itself. According to Delphi's breakdown data, DeFi's share of Ethereum's guaranteed value is only $3.7 billion, which is insignificant compared with the stablecoin's $35.6 billion. (AMBcrypto)[2020/8/3]

IMF report: The proportion of encrypted assets in the financial system is still small, but the potential risks require innovative regulatory cooperation: Recently, the International Monetary Fund IMF released the latest "Global Financial Stability Report". According to the report, the total market value of encrypted assets is less than 3% of the consolidated balance sheets of G4 national central banks, and cryptocurrencies currently pose very limited challenges to legal tender or monetary policy implementation. With wider adoption and technological improvements, some cryptoassets may better perform the function of money, creating competitive pressure on fiat currencies. The technology behind crypto assets has the potential to increase the efficiency of financial market infrastructure. However, crypto assets have been affected by fraud, security breaches and operational failures, and have been implicated in illicit activities. Currently, cryptoassets do not appear to pose a financial stability risk, but they could if their use becomes more widespread without proper safeguards in place. [2018/4/29]

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