Public blockchain networks have one big advantage when it comes to measuring activity. Thanks to on-chain analytics, we can know exactly how many people have exchanged digital assets with each other over a certain period. Activity on the network is one of the main indicators of the health of the ecosystem. If activity is increasing, it’s potentially a good sign and a guarantee that the network is becoming more popular or useful. Let’s take a look at how active people are on the Cardano network and compare the numbers to other networks. You’ll see that Cardano is definitely not a ghost-chain.
- An address is considered active as soon as it becomes a direct participant in a confirmed transaction in a given time period.
- The number of active addresses is probably one of the best statistics when it comes to network health.
- Roughly 60K people use Cardano every day. That’s 10 times less than Ethereum.
- The biggest wave of Cardano adoption is yet to come, as we can expect many new services to be deployed in 2023 and 2024.
This article was prepared by Cardanians with support from Cexplorer.
Read the article: https://cexplorer.io/article/how-actively-do-people-use-cardano