Cardano (ADA) is priced more aggressively compared to its adoption metrics, according to data provided by Messari
According to a recent report published by Messari, Cardano (ADA) is “priced more aggressively” than blockchain adoption metrics.
The assessment comes ahead of the much-anticipated Vasil upgrade, which is expected to bring important technical enhancement.
Messari data shows that Cardano lags behind Solana, Algorand, Tezos and NEO in terms of the number of daily transactions.
The popular proof-of-stake blockchain also has less total value locked (TVL) than Solana and Algorand.
Billionaire Mark Cuban recently stated that Cardano has failed to make any significant impact since the launch of the smart contract last September, as reported by U.Today.
The Messari report has found that Solana towers over its key competitors in major fundamental metrics. It says that Solana (SOL), the token underpinning the network’s ecosystem, is priced “conservatively” compared to ADA and other peers.
According to data provided by CoinMarketCap, ADA and SOL are currently ranked seventh and ninth respectively by market capitalization.
