ICYMI: Ethereum and Solana are being actively drained as $ADA gains more confidence among institutions Cardano CardanoADA CardanoCommunity
holdings. The most likely cause of the outflow of funds from Ethereum is recent issues with Beacon chain that are possible on the mainnet after the Merge.Security concerns could become a massive issue for investors, especially institutions that tend to choose stable investments over speculative ones. The block reorganization may have caused a replication of all transactions and operations on the main network that have happened while it was present.Previously, U.
Today covered the massive growth of the network, as Cardano recorded a 368% YTD increase in daily on-chain transactions. Such a strong increase is tied to the release of the first decentralized applications and solutions built on the ecosystem.The biggest and most awaited update for Cardano is Vasil Hard Fork that will bring several CIPs to life. Expected network upgrades will decrease transaction fees and processing time, making Cardano one of the cheapest and fastest networks in the industry.
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