PANews reported on February 18 that according to the Cardano 2024 Q4 report released by Messari, Cardano achieved significant growth in the fourth quarter of 2024, with ADA market value increasing by 127% month-on-month to $30.3 billion, DeFi total value locked (TVL) increasing by 94% month-on-month to $449 million, and stablecoin market value increasing by 66% to $23.2 million. The average daily transaction volume increased by 65% to 71,500 transactions. Cardano also launched the Ouroboros Peras update, which improved network scalability and was compatible with Hydra and Mithril. The price of ADA rose by 126% to $0.84, and its market ranking rose to 9th place.