Cardano logs 2.6 million transactions in a month, but token distributions drive the surge
- —Cardano processed over 2.6 million transactions in a month
- —Active addresses on the network rose again
- —Most activity came from token distributions, not DeFi
- —DeFi usage on the network remains weak
Why it matters: Cardano's headline metrics partly reflect token distributions rather than organic demand, muddying the picture of real network activity.
Source: BTC-ECHO