Cardano dominance 2015-2024

The dominance of Cardano increased more than four-fold in 2021, although figures in November 2021 were lower than at the end of August. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market - for instance, it shows how strong Bitcoin is compared to all the other cryptocurrencies that are not BTC, called "altcoins". In the case of Cardano, the dominance somewhat reveals the coin's growing popularity as an alternative to Ethereum, it being a popular blockchain for Decentralized Finance (DeFi) applications.

Cardano (ADA) market dominance - market cap relative to the market cap of all other cryptocurrencies in the world - from 2015 to September 25, 2024

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Release date

September 2024

More information

Region

Worldwide

Survey time period

August 2015 to September 25, 2024

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

Citation formats

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Number of daily transactions per day on the blockchain of Cardano (ADA) from September 2017 to January 10, 2022 (in 1,000s)

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Cardano (ADA) daily transaction volume up until January 10, 2022

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