Cardano

Solana

Minswap

Impact

<ul>
 <li>Cardano ended 2023 on a high note despite market volatility.</li>
 <li>DEX volumes played an important role in Cardano’s growth.</li>
</ul>
As 2023 drew to a close, <a href="https://ambcrypto.com/search/Cardano" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Cardano [ADA]</a> defied market uncertainties and concluded the year on a resounding high. Yet, as 2024 unfolds, questions linger about ADA’s future trajectory.
<h4>Numbers don’t lie</h4>
Cardano’s journey into 2024 is marked by impressive statistics, boasting 4.5 million accounts and 1.36 million staked addresses.
The network supported a formidable 3,064 staking pools, contributing to a staked amount of 22.76 billion ADA, representing 64.94% of the total supply.
Notably, ADA.D metrics for the start of 2024, at 1.33%, outshone previous years, illustrating a steady upward trend.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Cardano stats start of 2024: accounts: 4.5 million staked addr: 1.36 million pools: 3064 staked: 22.76 B / 64.94% reddit users: 689,378 2024 Ada.D 1.33% 2023 Ada.D 1.09% 2022 Ada.D 2.01% 2021 Ada.D 0.75%<a href="https://twitter.com/RemindMe_OfThis?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">@RemindMe_OfThis</a> in 1 year <a href="https://t.co/70cIhrvX7O" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/70cIhrvX7O</a>
 — Rick McCracken DIGI (@RichardMcCrackn) <a href="https://twitter.com/RichardMcCrackn/status/1741921953152155803?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 1, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
A significant catalyst behind Cardano’s achievements is the success of decentralized exchanges (DEXs). Miniswap, in particular, experienced remarkable growth, with a substantial 166.80% increase in trading volume, reaching 300 million USD.
Real yield rewards of 252,963 ADA are set to be distributed to MIN token stakers, marking a 2.5x increase from the previous month. To enhance sustainability, daily emissions for MIN were lowered by 5%.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Monthly stats are here!
 Highlights<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Trading Volume up BIG (+166.80%) to 300mn USD for the month, mostly from <a href="https://twitter.com/search?q=%24SNEK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SNEK</a> and <a href="https://twitter.com/search?q=%24FREN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$FREN</a>.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Real yield rewards of 252,963 <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> to be distributed to <a href="https://twitter.com/search?q=%24MIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$MIN</a> stakers (2.5x times last month!).
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24MIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$MIN</a> daily Emissions were lowered 5%. <a href="https://t.co/ji54mF3jNE" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ji54mF3jNE</a>
 — Minswap Labs (@MinswapDEX) <a href="https://twitter.com/MinswapDEX/status/1741863761315500424?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 1, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h4>DeFi markets</h4>
Despite these triumphs, Cardano faced stiff competition in the DEX arena compared to other Layer-1 blockchains. In terms of Total Value Locked (TVL) and DEX volumes, Cardano trailed behind platforms like <a href="https://ambcrypto.com/search/sol" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Solana [SOL]</a> and <a href="https://ambcrypto.com/search/avax" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Avalanche [AVAX]</a>.
While Cardano’s TVL and DEX volumes experienced notable growth in recent months, achieving parity with other Layer-1 blockchains still remains a challenge.
<div id="attachment_361713" style="width: 100%" class="wp-caption alignnone"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361713" decoding="async" class="size-full wp-image-361713" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM.png" alt="" width="2270" height="962" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM.png 2270w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM-300x127.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM-1024x434.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM-768x325.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM-1536x651.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Screenshot-2024-01-02-at-1.56.06-PM-2048x868.png 2048w" sizes="(max-width: 2270px) 100vw, 2270px"></a>
 Source: Artemis
</div>
However, Cardano’s humanitarian endeavors, exemplified by the With Refugees Stake Pool (WRFGS) in collaboration with Switzerland for UNHCR, could play a pivotal role in ADA’s future and sentiment around it.
Read&nbsp;<a href="https://ambcrypto.com/predictions/cardano-price-prediction" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Cardano’s [ADA] Price Prediction</a>&nbsp;2023-24
As part of Cardano’s Global Impact Challenge, the WRFGS pool launched with a stake delegation of 3.5 million ADA from the Cardano Foundation.
As per AMBCrypto’s analysis of ADA’s press time price movement, the token stood at $0.627144, reflecting a notable 4.61% growth in the last 24 hours.
<div id="attachment_361715" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361715" decoding="async" class="size-full wp-image-361715" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024.png" alt="" width="3840" height="1300" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Cardano-ADA-13.56.49-02-Jan-2024-2048x693.png 2048w" sizes="(max-width: 3840px) 100vw, 3840px"></a>
 Source: Santiment
</div>

How will Cardano fare in 2024?

AMBCrypto

Andre artikler udgivet 2. jan. 2024

Daily Analysis: BTC, ETH, SOL, BNB, XRP

Global Crypto Mining News in December: Bull market expectations are justified, global mining comp...

Crypto Voters are a Key Swing Bloc in 2024 Election, New Survey Finds

Crypto Losses in December Nears $100M With Orbit Chain Breach

Analyst Who Predicted Bitcoin Surge Sets New Target for Shiba Inu Coin

Jim Cramer says ‘Bitcoin cannot be killed’

Join our free newsletter for daily crypto updates!