Cardano trading volume reached a peak on February 27, 2021, after weeks of build-up towards the integration of the Mary hard fork on the crypto's mainnet. Mary was a network update - which was in beta since early February 2021 but was rolled out on March 1, 2021 - that gave the Cardano blockchain smart contract functionality like Ethereum has. Simply put, the upgrade turned Cardano and its native ADA coin into a direct competitor to Ethereum - which made the platforms for those who were looking for an alternative to the Ether coin.
Cardano (ADA) 24h trade volume from January 1, 2020 to January 9, 2022
(in billion U.S. dollars)
Characteristic
Trading volume in billion U.S. dollars
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CoinMarketCap. (January 10, 2022). Cardano (ADA) 24h trade volume from January 1, 2020 to January 9, 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 08, 2024, from https://www.statista.com/statistics/1278734/cardano-trade-volume/
CoinMarketCap. "Cardano (ADA) 24h trade volume from January 1, 2020 to January 9, 2022 (in billion U.S. dollars)." Chart. January 10, 2022. Statista. Accessed September 08, 2024. https://www.statista.com/statistics/1278734/cardano-trade-volume/
CoinMarketCap. (2022). Cardano (ADA) 24h trade volume from January 1, 2020 to January 9, 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 08, 2024. https://www.statista.com/statistics/1278734/cardano-trade-volume/
CoinMarketCap. "Cardano (Ada) 24h Trade Volume from January 1, 2020 to January 9, 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Jan 2022, https://www.statista.com/statistics/1278734/cardano-trade-volume/
CoinMarketCap, Cardano (ADA) 24h trade volume from January 1, 2020 to January 9, 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1278734/cardano-trade-volume/ (last visited September 08, 2024)
Cardano (ADA) 24h trade volume from January 1, 2020 to January 9, 2022 (in billion U.S. dollars) [Graph], CoinMarketCap, January 10, 2022. [Online]. Available: https://www.statista.com/statistics/1278734/cardano-trade-volume/