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ADA on-chain token value surged $6.33 billion, driven mainly by stakers rather than speculators

Source: CoinWorld
Cardano’s ADA on-chain transaction volume surged to $6.33 billion in the past week, up 16% from the previous quarter, reflecting an increase in network activity. This growth is driven by improvements in the ecosystem, such as improvements in the proof of stake (PoS) mechanism and wider application of the proof of stake (PoS) model. Despite the small price volatility, on-chain data suggests that people are more focused on practically driven participation than speculation. As participation increases, security measures including hardware wallets and transaction verification tools are becoming increasingly important.
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