Cardano's (ADA) price surged by 126% in Q4 2024, resulting in a market capitalization growth of $30.3 billion and a rise in ADA's circulating market cap rank from 11th to 9th. This increase aligned with the US election and the broader cryptocurrency rally. Transaction fees in USD rose 254% QoQ to $1.8 million, with a 95% YoY increase driven by higher token prices and transaction activity. Average daily transactions on Cardano increased by 65% QoQ to 71,500, along with a 58% QoQ growth in average daily active addresses. Cardano's average daily Dapp transactions fell 8% QoQ to 14,300 in Q4, with Minswap, Liqwid Finance, and jpg.store being the top-performing Dapps. Minswap had over 200,000 traders and a total trading volume of $3.1 billion, while the average daily DEX volume on Cardano surged 271% QoQ to $8.9 million. In Q4, Cardano's DeFi total value locked (TVL) in USD increased by 13% QoQ to $231.6 million, with Liqwid surpassing Minswap as the top protocol by DeFi TVL. Cardano's stablecoin market capitalization also increased by 66% QoQ.



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