In the second quarter, Cardano’s average daily Dapp transaction increased by 49%, and its TVL increased by 9.7%

Odaily Planet Daily News According to a report released by the data analysis company Messari, due to technology upgrades and increased developer interest, the Cardano blockchain has grown in terms of TVL and transaction indicators in the second quarter. TVL (in U.S. dollars) increased 9.7% quarter-over-quarter and 198.6% year-to-date. By 2023, Cardano's TVL ranking will rise from 34th to 21st among all chains. Messari noted that the average daily Dapp transaction count increased by 49% compared to the first quarter, and while the decentralized exchange Minswap showed the largest growth, several new Dapps also contributed to the growth. The report, commissioned by Cardano development firm Input Output, compares the figures from the second quarter to the first. The report noted that the number of daily active users fell 4% despite the growth in transactional activity. The report said, “The ratio of transactions to active addresses has been growing steadily over the past five quarters, indicating that regular users are now more active than before. In Q2, the ratio of transactions/active addresses was 1.19, a 6.1% increase quarter-over-quarter and a year-on-year increase. 13.2%." Blockchain load, a measure of the amount of data contained in a block over a given period of time, rose to 50% from less than 40% in the previous three months, and peaked at 81% in May. According to DefiLlama data, as of Monday, Cardano TVL exceeded $175 million, reaching the highest level this year, but still 50% below the record high of $340 million set in May 2022. (CoinDesk)