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Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin



On Sunday (May 29), Charles Hoskinson, Co-Founder and CEO of Input Output Global (“IOG”), the company responsible for Cardano’s research and development, took a closer look at 24-hour transaction volumes across major blockchains.

Hoskinson sent out that seemed to show that — based on data by Messari — 24-hour transaction volume for Cardano was $9.57 billion, which means that it was second only to that of Bitcoin and higher than that of Ethereum.

One of Cardano’s harshest critics is Mike Alfred, who is Founding board member and first seed investor at Eaglebrook Advisors, which is a tech-driven investment manager specializing in bitcoin and digital assets, who seems to enjoy trolling the Cardano community and who has repeatedly said that the Cardano network has virtually no traffic. Here are a couple of examples:

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