Cardano Transaction Count Spikes to 75,000 with More to Come

ICYMI: Cardano is currently processing around 75,000 transactions daily, but it is not yet working at full capacity ADA $ADA CardanoADA CardanoCommunity

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 transactionalAs of now, the number of transactions on the network represents regular transactions between users and trading operations on various platforms.

The majority of Cardano investors and developers believe that with the growing adoption rate, we are going to see an increase in the network capacity as the blockchain is more than ready to cover an unexpected rise in transactional activity, with its TPS limit far above current values. 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.

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