On February 18th, according to the Cardano Q4 2024 report released by Messari, Cardano achieved significant growth in the fourth quarter of 2024. The ADA market cap increased by 127% month-on-month to $30.30 billion, the total value of DeFi hedging (TVL) increased by 94% month-on-month to $449 million, and the stablecoin market cap increased by 66% to $23.20 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 ADA price increased by 126% to $0.84, and the market rank rose to 9th.