Messari Reports: The State Of Cardano In Q4 2023 In The Context Of Other Projects

Analytical company Messari has published the State of Cardano Q4 2023 report. In the report, you will find relevant statistics about the project, such as the number of daily transactions, the number of active addresses, TVL, etc. It is possible to compare the data from Q1 with the data from Q4. Messari publishes similar reports on many projects. We took reports from several other projects and compared some data with Cardano. This context is important because looking at data in isolation doesn’t make sense when we can have a bigger picture.

About Messari Reports

It is beneficial for the crypto industry that a third party analyzes the on-chain data of various projects and issues publicly available reports. Everyone can see how the project has been doing in the last year. We like that the reports are concise yet contain a lot of useful data.

We looked at the Q4 2023 reports of the following projects: Cardano, Ethereum, Cosmos, Polkadot, Avalanche, Algorand, Solana, Ripple, and Bitcoin.

The projects differ from each other in many areas, so not always there is available the data we wanted to compare. Bitcoin uses PoW consensus, so it has no staking. Not all projects have treasuries.