Tempo's Transaction Rate Falls Short of Bitcoin's Amid Declining Activity

Tempo is currently processing approximately 2.5 transactions per second, which is lower than Bitcoin's average of around five transactions per second. According to NS3.AI, Tempo's mainnet was launched on March 18, and five weeks later, the platform reported approximately 5,600 daily active users. Additionally, Tempo disclosed $205 in 24-hour fees and a total value locked of $3 million. However, the platform has experienced significant declines in wallet numbers, transfer volumes, and decentralized exchange activity since reaching peaks in March.