Cardano [ADA] sees a decline in key growth metrics in Q4 2022

Abiodun Oladokun
Abiodun Oladokun

18 Mar 2023 7:30 PM

Cardano suffered a decline in financial metrics in Q4 2022. However, the daily transactions dApp transactions count rallied during that period.  House to over 1000 decentralized applications (dApps), a new report from Messari revealed that the leading Layer 1 blockchain Cardano [ADA] saw growth and some corresponding declines in Q4 2022.   Titled “State of Cardano […]...

  • Cardano experienced a decline in financial metrics in Q4 2022 due to the collapse of cryptocurrency exchange FTX.
  • However, daily transactions and dApp transactions count increased during the same period.
  • Cardano's revenue and DeFi TVL (USD) also declined in Q4 2022.
  • Despite the decline in financial metrics, developer activity on Cardano intensified during that period.

The article presents a mixed sentiment towards Cardano. While there was a decline in financial metrics, there were also positive developments in terms of daily transactions and developer activity.

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Related Questions

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