According to the expert, the network has processed more than $6 billion in adjusted on-chain volume as of Thursday. The on-chain volume ultimately reached the aforementioned value after attracting a more than 21% increase.
It is worth noting that Cardano recorded a massive rise in adjusted on-chain volume despite the number of active addresses on the blockchain seeing a slight decline. Data shared by TapTools shows that the total number of active addresses is currently situated at around 21,930 following a 2.71% drop on Thursday.
Cardano’s Top 100 holder share currently stands at 29.04% while its net unrealized profit and loss is at the 0.05 level. Meanwhile, the STH vs LTH Supply Distribution shows 48% of short-term holders are distributing, and 52% of long-term holders are distributing.
TapTools highlighted that the platform acquired over 9.56 million ADA in less than a month, bringing its total supply held to 17.48 million ADA. This move up represents an 83% increase in wrapped Cardano holdings, which suggests that on-chain demand continues to accelerate.
