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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Source: CryptoAmb - 🏆 22. / 68 Read more »