Cardano Reaches Milestone: Over 78 Million Lifetime Transactions Amidst Growing Network Strength

• Cardano reached a significant milestone, processing over 78 million lifetime transactions.
• Despite initial criticisms, Cardano demonstrates robust stability with zero downtime and consistent performance, experiencing a surge in transactions and developer activity.

The Cardano network has crossed a significant threshold, boasting over 78 million transactions processed since its launch in 2017. Despite initial critiques concerning throughput, Cardano’s enduring stability over six years has been a hallmark of the network’s reliability, contributing to its recent surge in transactional activity.

Unlike newer blockchains, Cardano has showcased minimal technical glitches and maintained zero downtime throughout its existence. This stability, coupled with the recent influx of decentralized apps, has catalyzed a surge in network transactions, culminating in surpassing the 78 million transaction mark.

Recent on-chain data depicts Cardano’s achievement of processing 78,312,179 transactions to date, with projections indicating a trajectory toward reaching 10 million addresses within the next two years. Blockchain analytics highlight the network’s handling of 1.29 million transactions in the past week, showcasing a sustained rise in throughput.

Transaction Throughput Insights

Cardano’s actual per second (TPS) count stands at 2.13 TPS over the last seven days, with a maximum TPS of 6.1. This suggests Cardano’s capacity to process over six transactions per second, reflecting its readiness to meet increased user demand for blockspace.

Amidst increased transactional activity, Cardano emerges as a frontrunner in various metrics. The network tops the charts for developer engagement, surpassing Ethereum and Polkadot in developer activity. Simultaneously, Cardano’s DeFi Total Value Locked (TVL) has experienced remarkable growth, surpassing Bitcoin’s TVL in the previous week.

Cardano’s recent milestone of 78 million processed transactions underscores its resilience and growing strength in the blockchain sphere. As the network continues to showcase stability, increased developer engagement, and a surge in transactional throughput, Cardano positions itself as a leading force in the blockchain ecosystem, heralding a promising future for the network and its expanding community.