Cardano outpaced Bitcoin and Ethereum, ranking first in the category of most transaction activity in 24-hours, according to crypto data aggregator Messari.io.
According to the transaction behavior, it represents an adjusted transaction volume, beating out BTC and ETH at $17.15 billion – compared to $15.1 billion and $8.6 billion, respectively.
Adjusted transaction volume offers more information behind transaction volume, as it describes a way to fairly compare UTXO style transactions and account-based transactions, whereas transaction volume only speaks to the total value moved on a blockchain.
If we are comparing transaction volume, Bitcoin ranks first at $36.7 billion, while Cardano comes at less than half at $17.5 billion.
Cardano transaction fees have been extremely low in the last day, totaling $51,985 in fees. The last 24-hours have shown that there is due diligence being paid by Input Output Hong Kong.