Cardano Is Number 3 Most Mentioned Crypto on Reddit; ADA Triples ETH in Transaction Volume

Cardano, the largest proof-of-stake (PoS) blockchain, and its native token ADA continue to gain much-needed traction within the crypto community on social media, especially Reddit.

Moreover, the cryptocurrency has not stopped beating Ethereum (ETH), the second-largest cryptocurrency by market cap, in terms of daily transaction volume.

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Cardano (ADA) is Number 3 Most Mentioned Crypto on Reddit

According to chartexchange.com, the platform that tracks all crypto sentiments and mentions, Cardano (ADA) is the number 3 most mentioned cryptocurrency on Reddit, the social news aggregation, web content rating, and discussion website.

As shared by chartexchange.com, over the past week, Cardano has been mentioned 1,692 times, with a 23% increase compared to the previous week. According to the data, Cardano is only behind the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH).

Cardano Triples Ethereum Based On 24 Hours Transaction Volume

Based on the data provided by Messari, Cardano is significantly leading other cryptocurrencies in terms of transaction activity, including Ethereum (ETH), the largest smart contracts platform.

At the time of press, Cardano (ADA) is only behind the flagship cryptocurrency, Bitcoin (BTC). The data shows that ADA has recorded a $12.85 billion transaction volume over the last 24 hours. While Ethereum is occupying the fourth position (behind Litecoin) with a $4.49 billion 24-hour transaction volume.

The data shows that Cardano’s daily transaction volume has surged to almost triple that of Ethereum (ETH). It’s worth noting that this notable performance has been like this for the past few weeks.

Based on adjusted volume, a good means to separate only the most important transaction, Cardano also came on top significantly as shown in the below screenshot.

Read Also: Number of New Daily Addresses On Cardano Spikes 167%, Denoting Notable Growth in On-Chain Activity

A couple of days ago, TimesTabloid reported that Cardano displaced Bitcoin and Ethereum to occupy the first position based on 24 hours transaction volume, negating critics who claimed that Cardano is a ghost chain.

Since the start of the year, the leading blockchain has been displaying an outstanding performance with loads of activities on the network.

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