Daily active Cardano (ADA) addresses up until January 10, 2022
the growing transaction fees for Ethereum, as well its increasing mining difficulty. Cardano is considered to be a cheaper, but also faster option for DeFi app developers when compared to Ethereum.
The number of addresses that actively sent or received Cardano coins on the blockchain more than doubled by the end of November 2021. Reaching nearly half a million active addresses, the ADA coin became increasingly popular in 2021 as an alternative to Ethereum - both being cryptocurrencies connected to blockchains commonly used for NFTs and Decentralized Finance (DeFI). Two important drivers behind this development include