📉 Cardano Revenue Drops to 3-Year Low Amid ETH Surge
👉 Following the $ETH ETF approval with retail investors switching focus to Ethereum markets, $SOL , $BTC, and $ADA have been struggling for traction amidst a broader market downturn. The Cardano price closed at $0.44 on May 2024, down by 12% in the last 10 days.
😳 Furthermore, Cardano pulled 11,970 ADA in total transaction fees on May 26, which is 63% lower than its March 2024 peak of 32,480 ADA.
🤔 Notably, it is the lowest daily transaction fee recorded since 2021. The Cardano stakers could shift to more profitable PoS protocols in the days to come if the revenues continue falling.
