Cardano Achieves Several Milestone This Month, But Price Remains Depressed

Cardano’s price has been stagnating for several weeks, but the network has strong retail support. ADA reached 115 million on-chain transactions this week, and the Cardano network avoided any damage from the AWS outages.

There’s still a lot of community support, as evidenced by Cardano’s market cap and high rate of staked tokens. Whale activity may be blunting its forward momentum, but there could be other explanations.

Cardano attracts a lot of community hype, and for good reason. In the last few days, the proof-of-stake blockchain network has reached a lot of milestones.

Although ADA’s token price hasn’t reacted much, on-chain analysts noted that Cardano’s user activity is through the roof.

MILESTONE: Cardano $ADA has surpassed 115,000,000 transactions on mainnet.

Real transactions from real users.

You can view them all on Cexplorer