Cardano’s user base has remained stable despite market volatility, processing $7.2 billion in daily transactions.
According to IntoTheBlock, the number of addresses that own ADA has remained constant at 4.45 million for more than a year, indicating that growth has been stagnant.
Cardano’s user base has demonstrated resilience, with consistent address growth since mid-2021, despite significant price fluctuations. Nevertheless, Cardano is facing challenges in attracting new users due to the recent trend of shifting interest toward newer competitors.
Despite these obstacles, the network continues to process approximately $7.2 billion in daily transactions, indicating that activity remains robust. Cardano’s Network Value to Transactions (NVT) ratio is low at 2.62, which may suggest that ADA is undervalued in relation to its utilization.
