Cardano recorded its highest-ever network activity in Epoch 660, with 1,780,896 transactions processed according to data from Cexplorer. This surge in activity surpassed the previous all-time high of 1,566,974 transactions set in Epoch 304, highlighting a significant increase in on-chain usage for the Cardano blockchain.
Record transaction volumes and network fees
The average number of transactions per block reached 83.83, while network fees generated peaked at approximately ₳337,720 during the same period. This level of activity, paired with rising fees, indicated strong usage and heightened engagement across the Cardano (ADA) ecosystem.
| Epoch | Transactions | Average Tx per Block | Network Fees (₳) |
|---|---|---|---|
| 660 | 1,780,896 | 83.83 | 337,720 |
| 304 | 1,566,974 | – | – |
Cexplorer, a Cardano-focused blockchain explorer, provides real-time analytics and transaction monitoring for the network.
Mini dictionary: Epoch, a fixed period in blockchain protocols during which a specific set of actions, such as transaction validation or staking rewards, are processed and finalized.
Whale selling and market divergence signals
Despite the network’s record-breaking throughput, significant selling emerged among large holders. Crypto analyst Ali Martinez reported that whales sold more than 110 million ADA in the past five days, signaling a potential distribution phase even as transaction activity soared.
When major wallets decrease exposure while transaction metrics rise, such divergence often suggests a possible correction or reversal in price trends. This is typically seen as a warning sign by market observers, especially during periods of elevated network activity.
Ali Martinez highlighted, despite Cardano’s transaction record, “whales offloaded more than 110 million ADA over the past five days,” describing this as a notable example of distribution into strength.
Decline in unique participation and risk to support levels
In contrast to the soaring transaction numbers, daily active addresses fell sharply by 41.36%, dropping from 27,248 to 15,977. This decline raises concerns that trade volumes may be inflated by a smaller group of participants or by automated transactions, rather than representing broad user growth.
Such a dynamic, where throughput is high but unique participation falls, is seen by analysts as a textbook precursor to a market correction. The current situation is being closely watched by traders for confirmation of a potential trend reversal.
Martinez identified $0.24 as the critical support level for ADA. If Cardano manages to hold above this threshold, the increase in transactions may be viewed as accumulation or organic network expansion. However, a decisive break below $0.24 could open the way to further declines, with the next major support seen near $0.21.
Cardano’s fate hinges at $0.24, where conflicting narratives of accumulation and correction are set to converge, potentially determining the short-term direction for ADA.
A sustained breakdown below these key levels would shift the technical outlook from a standard market consolidation to a potential correction, with increased downside risk for ADA in the near term.
