Cardano sees significant growth in on-chain activity as new addresses spike 167%

According to IntoTheBlock, the number of new daily addresses being created on the Cardano network has grown by nearly 167% to surpass 112,500 addresses.

Aside from Bitcoin, Cardano is in the top place in terms of transaction activity, outpacing Ethereum. Based on transaction volume, Cardano overtook Ethereum at $15.06 billion, while the latter registered 24-hour volumes of $6.71 billion.