cardano The average network density reached an all-time high of 94%. A number of notable developments have taken place on the Cardano (ADA) blockchain over the past few months, as seen in the increase in various indicators, including the addition of smart contract capability that improves efficiency in the network.
As a significant reflection of the recent growth, the average Blockchain load on the Cardano network reached 94.49% on January 22, 2022. This was the highest recorded on the network since January 16, when rates rose to 91.79%.
The increase in January comes after Cardano announced that it will increase the block size by 12.5% to meet the projected increase in traffic on the network. As it is known, there has been a significant increase in network traffic since the introduction of smart contracts in September, and the need to make the platform more scalable arose.
On the other hand, the increased blockchain capacity also allows the transaction capacity per block to increase. Thus, more transactions per second, higher data yield is realized.
As a result of this level of scalability, Cardano is considering the volume adjusted this month. EthereumIt recorded both higher volume and 500 times cheaper fare than .
In summary, interest in the Cardano network has risen to a recent high. This demand is due to the high costs in the ETH network. In this respect, if Cardano, known as the “Ethereum killer”, manages to increase its usage rate in this way, this can be positively reflected in the price.