Cardano taps Hydra to undercut Ethereum as gas fees skyrocket

ADA has been lending favor to the bears for the last few days. It has notably been slipping below an ascending support line after failing to secure enough bullish momentum to support a pivot.

Here’s a comparison of the fees collected on both networks. Ethereum fees have been growing exponentially in the last few days. This growth has partly been linked to increased network congestion due to the memecoin hype.Meanwhile, Cardano fees stood pale in comparison to Ethereum. While ETH fees recently peaked at $35 million, Cardano fees recently peaked at slightly above $13,000.Granted, the number of users on Cardano was much lower than those on Ethereum.

Let’s look at other areas that underscore the growing preference for Cardano. Its daily active addresses have been growing in the last seven days confirming more network activity. Its social dominance metric registered increased excitement especially on 9 May, the same day that Ethereum gas fees peaked.

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