The Cardano ecosystem experienced significant growth in 2024, with price surges, increased on-chain activities, and a rise in decentralized finance (DeFi) total value locked. The network's asset, ADA, surged by 126.2% in Q4 2024, reaching a four-year high of $1.327 before closing around $0.844. On-chain activities also saw substantial growth, with average daily active addresses increasing by 57.8% quarter-over-quarter, and daily transactions reaching their highest level of the year at 71,500. Fees generated on the network also increased, with $1.79 million generated in the last quarter. The total value of DeFi locked on Cardano saw a significant upside, increasing by 94% in Q4 to $448.9 million. Additionally, the network experienced milestones such as complete decentralization and the launch of the Midnight sidechain on testnet.



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