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Cardano network transactions surge, ADA price slips

The Cardano blockchain processed 1,780,896 transactions over five days, marking its highest level of network activity in the past five years. The tally for epoch 660 from Oct. 6 to 11 exceeded the previous high of 1,566,974 transactions set in epoch 304 in November 2021. Activity was linked to decentralised governance procedures during the Voltaire era and on-chain voting by delegated representatives. ADA fell 3.58 percent to $0.2429 despite the traffic surge.