Dash Transaction Volume Increased By 104% In Q1 2020

The privacy-oriented cryptocurrency Dash published a financial report for Q1 2020, showing significant growth in the field of adoption and commercial transactions.

According to the report, commercial transactions using Dash for the first quarter increased by 104%. During the first quarter of 2020, the number of active Dash wallets installed on mobile devices has reached 101,747, which is 214% more in comparison with the same period last year and 21% more than in the previous quarter. The growth is resulted by several partnerships in Latin America, especially Venezuela and Brazil. In Brazil, more than 2.5 million merchants can now use Dash as means of payment with solutions such as ATAR Pay.

In addition, Dash showed a nearly 60% price increase, thus showing the best quarterly growth since the fourth quarter of 2017. The average daily trading volume on exchanges showed the largest increase, reaching $37 mln, which is an increase of 987% in comparison with the previous quarter and an increase of 686% annually.

Image courtesy of Dashnews.org