Increasing new use cases across Cardano likely played key role in sustained growth
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As indicated in a recent analysis by IntoTheBlock, Cardano settles around $7.2 billion daily in on-chain volume, outperforming several other networks. This yields an exceptionally low NVT ratio of just 2.62, which may indicate that ADA is undervalued. If this is the case, the significant amount of long-term holders might suggest that ADA holders are willing to wait for its potential to be fully realized.
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