Messari releases Cardano Q4 2024 report: Strong performance, market value growth of 127%

According to the Cardano Q4 2024 report released by Messari, Cardano achieved significant growth in the fourth quarter of 2024, with ADA market value increasing by 127% month on month to reach $30.3 billion, DeFi Total Value Locked (TVL) increasing by 94% month on month to reach $449 million, and stablecoin market value increasing by 66% to reach $23.2 million. The daily trading volume increased by 65% to 71500 transactions. Cardano has also launched the Ouroboros Peras update, which enhances network scalability and is compatible with Hydra and Mithril. ADA prices increased by 126% to $0.84, and its market ranking rose to 9th place.