Cardano network activity has surged over the past 3 months

Cardano (ADA) network activity has seen a significant increase over the past three months, The Crypto Basic reported. Citing data from staking infrastructure provider Everstake, the report noted that the network's daily active addresses rose by 1464% to 12,000 during this period. Over the same timeframe, the number of ADA transactions surged by 4278% to 120,000. Everstake explained that a simultaneous increase in user engagement and transaction volume can be interpreted as a genuine rise in demand, adding that network activity typically declines during market downturns as users adopt a more cautious stance.