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During the past week, the total volume of transactions larger than $100,000 in ADA surged exponentially. Data from IntoTheBlock also revealed that while the overall amount of Cardano transactions has been steady, the volume is increasing, which could be later reflected in its market value.
Cardano’s transaction volume on the rise
According to data from the blockchain analytics firm IntoTheBlock, the total volume of transactions on Cardano’s network greater than $100,000 reached $116 million on Oct. 31. This represents an increase of 464 percent compared to the $25 million seen a week before.
Cardano recently rolled out a new update to the Daedalus wallet, which was launched on the Cardano mainnet during that time. Apart from a redesigned user interface, the main change the update brought about was the addition of a newsfeed.
Daedalus users will now be able to have four different types of news about the latest developments in the industry delivered to them via the wallet. And, users will also take advantage of a new wallet recovery phrase verification system, which will warn them if their recovery phrase has not been verified for a long period of time.
The number of transactions with a value of $100,00 or higher. » Read Full Article «