Recently looked at the performance on the Cardano chain, and it's quite interesting. The entire market has been in a continuous decline, but the data on this chain has managed to stay steady.

First, let's talk about user activity. Last week, on average, over 100,000 addresses interacted on the chain daily. This level of activity is considered above average among many public chains. The number of transactions and the amount of locked tokens have both remained at high levels over the past three months, indicating that participation hasn't significantly declined due to market sentiment. Revenue from transaction fees is also quite substantial, with daily income even surpassing the market cap of some so-called hot projects, demonstrating solid profitability.

However, to be a bit of a downer—good data doesn't mean everything is smooth sailing. On-chain metrics only show interaction activity; market sentiment is the real weather vane. If the overall market continues in a bear trend, even robust on-chain data may be dragged down. My suggestion is to broaden your perspective and compare the on-chain data trends of competitors like Solana and Polkadot. After all, the public chain race is ultimately a relatively competitive game.

Stable on-chain data is definitely worth paying attention to, but investment decisions should be multi-dimensional, as risks are always present.