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

Các bài viết khác được xuất bản trên 2 thg 1, 2024

Shiba Inu Whale Moves Over 4.2 Tln SHIB Amid Remarkable Price Surge

December Ranks Fifth Highest Month in Crypto Scams With Over $100 Million Drained

ETH Coin Gave a New Year Gift to the Investors, Rose by 6.4%

Ripple to dump this much XRP in January 2024

Are Bitcoin ETFs a Disappointment? VanEck’s Gabor Gurbacs Eases Minds

Zilliqa Crypto Prediction: Will ZIL Reach New Highs in 2024?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!