The proofofstake blockchain recorded the highest number of transactions while also having some of the lowest fees. Cardano generated only a minuscule $52,000 in fees over the last 24 hours compared to Bitcoins $700,000 and Ethereums $22.1 million. The metric isolates only meaningful transactions to accurately compare data from UTXObased chains and accountbased blockchains of the likes of Ethereum. As reported by U.Today, Cardano also recently surpassed three million wallets, reaching yet another adoption milestone. Still, some critics feel tempted to dismiss the blockchain as vaporware.
I / O developers are constantly adjusting network parameters to continue working on scaling solutions during the Basho phase of the blockchain roadmap. The Sundae Swap was launched in late January, but its debut was hampered by technical issues. Some users began complaining that they did not receive the native SUNDAE tokens after the exchange. The project attributed a large number of failed swaps to high network congestion. At the time of writing this article, about 80% of all blocks are still full. In late January, the blockchain load peaked at 94.1% and the application did not run properly. Earlier this week, Cardano-based decentralized exchange Minswap also announced the completion of a security audit. The price of the ADA soared by more than 40% in the week leading up to the launch of Sundae Swap, but could not sustain these rises. Tokens are currently trading on the Binance Exchange for $ 1.06 and are struggling to make a comeback.
