Per recent data from Messari, Cardano is leading in 24-hour adjusted volume transactions despite the ADA price tumbling 18%. Adjusted transaction volume remains a good way to isolate only the most important transactions.
Cardano outperformed lead cryptocurrencies Bitcoin and Ethereum in adjusted transaction volumes, with a 24-hour volume of $16.49 billion compared to Bitcoin’s $8.49 million and Ethereum’s $4.73 billion. Cardano users also paid cheaper fees compared to both BTC and ETH.
Amid a string of favorable fundamentals, Cardano’s price has declined steadily since attaining all-time highs of $3.09 in September 2021. ADA has taken a drubbing as the entire crypto market dipped. ADA has tanked more than 18% in the last 24 hours and remains down 75.44% from its all-time highs, as per CoinMarketCap.