Messari releases Cardano Q4 2024 report: Market cap reaches $30.3 billion, growing over 120%

ChainCatcher news, according to the Cardano Q4 2024 report released by Messari, Cardano achieved significant growth in the fourth quarter of 2024, with ADA's market capitalization increasing by 127% quarter-over-quarter, reaching $30.3 billion. The total value locked (TVL) in DeFi grew by 94%, reaching $449 million, and the market capitalization of stablecoins increased by 66%, reaching $23.2 million. The average daily trading volume rose by 65%, reaching 71,500 transactions.

Cardano also launched the Ouroboros Peras update, enhancing network scalability and being compatible with Hydra and Mithril. The price of ADA rose by 126%, reaching $0.84, and its market ranking improved to 9th place.