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Cardano Records 69.1 Million Transactions Despite SEC Lawsuit and Limited DeFi Growth

June 19 (Cointime) - Despite the impact of the SEC lawsuit on the Cardano network, the number of transactions on the network reached 69.1 million, indicating continued usage and adoption.

The Cardano team continued to add new features, including a light peer sharing feature aimed at expanding network participation and enhancing decentralization.

However, the growth of Cardano's DeFi sector remained limited, with TVL and DEX volumes declining. Nevertheless, the increasing number of addresses holding ADA suggests growing retail interest and potential long-term support.

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