Cardano almost at 80,000 transactions daily, but network can easily fit more
According to data from Cardano’s Blockchain Explorer, the network is currently processing around 75,000 transactions per day. But despite showing impressive transaction activity, Cardano is not yet operating at full capacity, and the increase in the number of operations on the blockchain is due to increase.
With the upcoming variety of new solutions on the Cardano network, the network’s transaction count is expected to spike rapidly. Synthetic tokens, stablecoins and decentralized lending are going to become the main sources of transactional activity, which can gain up to 100%.
As of now, the number of transactions on the network represents regular transactions between users and trading operations on different platforms. If we compare Cardano with Ethereum, we will see how network activity grows after the creation and adoption of the DeFi platform and application.
With the growing number of transactions on the network, we will see the general evolution of Cardano as more transaction fees are going to be paid and incentivize developers to build more applications that will help with the mass adoption of the ecosystem.
Most of the investors and developers of Cardano believe that with increasing adoption rate, we are going to see an increase in network capacity as the blockchain prepares to cover the unexpected increase in transaction activity, its TPS limit is higher than the current one. values are well above that. ,
Luckily, Cardano never had any issues with transaction fees and network congestion, in contrast to Ethereum, which used to offer users up to $100 per transaction or contract interaction. For now, the transaction cost on both Cardano and Ethereum is almost the same.
