On Sunday (May 29), Charles Hoskinson, Co-Founder and CEO of Input Output Global (“IOG”), the company responsible for Cardano’s research and development, took a closer look at 24-hour transaction volumes across major blockchains.

Hoskinson sent out that seemed to show that — based on data by Messari — 24-hour transaction volume for Cardano was $9.57 billion, which means that it was second only to that of Bitcoin and higher than that of Ethereum.

At the time of writing (i.e. 8:52 a.m. UTC on May 30), the 24-hour transaction volumes for Bitcoin, Cardano, and Ethereum are $10.32 billion, $9.24 billion, and $2.52 billion.

This must have been a sweet moment for Hoskinson, who must be very tired of some Cardano critics who have at various times unkindly and incorrectly called it a “ghost chain”. The following tweet is just one of the latest examples of such attacks:

One of Cardano’s harshest critics is Mike Alfred, who is Founding board member and first seed investor at Eaglebrook Advisors, which is a tech-driven investment manager specializing in bitcoin and digital assets, who seems to enjoy trolling the Cardano community and who has repeatedly said that the Cardano network has virtually no traffic. Here are a couple of examples:


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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.