The daily live address and transaction volume of Cosmos ecological public chain Canto decreased by 89% in February

On February 23, according to the data of Artemis, a blockchain analysis company, the daily active address and transaction volume of the Cosmos ecological public chain Canto showed high fluctuations at the beginning of the year. As of February 3, the number of unique wallet addresses that sent at least one online transaction was about 27000, up 10965% from 244 on January 1. During the same period, the total number of daily transactions registered on the chain was 119000, up 4858% from 2400 on January 1.

Interpretation of this information:

The message reports that the Cosmos ecological public chain Canto experienced significant fluctuations in its daily active address and transaction volume at the beginning of the year. The data obtained from Artemis, a blockchain analysis company, indicates that the number of unique wallet addresses that sent at least one online transaction increased from 244 on January 1 to about 27,000 on February 3, representing a rise of 10,965%. Furthermore, the total number of daily transactions registered on the chain surged from 2,400 on January 1 to 119,000 during the same period, an increase of 4,858%.

It is worth noting that the fluctuation in the daily active address and transactions of Canto took place in the context of the recent market conditions, which have seen most cryptocurrencies experience substantial growth. Bitcoin, the leading cryptocurrency, has increased by more than 70% since the turn of the year, highlighting the growth in the market sentiment towards digital assets.

The data from Artemis suggests that the Cosmos ecological public chain Canto is also experiencing growth in user adoption and transaction volume. The surge in the number of unique wallet addresses and daily transactions recorded on the chain implies that more users are interacting with Canto’s ecosystem. This growth in usage is a testament to the efficiency and value delivery of the platform. Canto’s blockchain, being designed for interoperability and scalability, can help overcome the limitations of traditional blockchains.

In conclusion, the data obtained from Artemis indicates that the Cosmos ecological public chain Canto experienced significant growth in its daily active address and transaction volume at the start of the year. The growth in user adoption and transaction volume recorded on Canto’s platform suggests an increasing need for an interoperable and scalable blockchain solution. This development is a promising indication of the growth and future prospects of Canto as a public chain solution.