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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 […]
Titled “State of Cardano Q4 2022,” Messari found that due to the unexpected collapse of cryptocurrency exchange FTX in November, there was a downturn in Cardano’s financial metrics like market capitalization and revenue, as well as activity metrics such as the count of active addresses and total value locked on the network.
According to Messari, Cardano’s revenues are “tightly coupled with fees as they are the source of revenue.”
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