Cardano Q4 2023 Report: TVL Growth And ADA Price Surge Outshine Competitors
Summary
Cardano (ADA) saw significant growth in Q4 2023. Revenue in USD increased by 66.7% QoQ, with a 10.6% QoQ increase in ADA-denominated revenue. Average daily transactions grew by 10.9% QoQ, outpacing daily active addresses. Total Value Locked (TVL) surged 166% QoQ and 693% YoY, reaching an all-time high. NFT activity declined, but ADA's price surged 127.2% QoQ, outperforming the overall crypto market. As of now, ADA's trading price is $0.5724, reflecting a 5.5% increase over the past 24 hours and 8% over the past 30 days.
