Cardano (ADA) records higher volume and over 500x cheaper fees than Ethereum (ETH)

Following a period of strong market performance that occurred before Bitcoin’s most recent decline, Cardano and the potential of ADA are once again at the forefront of the discourse in the cryptocurrency space.

Notably, Cardano had a higher trading volume of $6.5 billion than its rival Ethereum, which had a volume of $5.8 billion when the adjusted volume was taken into consideration, according to a graphic tweeted by Cardano Daily on January 20.

Interestingly, despite having a bigger volume, ADA had 568 times cheaper fees than its competitor, costing just $76,500 for a total of $6.5 billion in transactions. In comparison, ETH charges $38.6 million significantly more for fewer transactions.

Keep reading