Cardano Constitution Ratified: New Governance Framework To Be Implemented On February 23

• Cardano Constitution ratified, setting community-led governance from Feb 23, 2025.
• Cardano’s market cap rose 127% in Q4, reaching $30.3 billion, boosting ADA’s price to $0.84.
• DeFi TVL on Cardano grew 94% QoQ, reaching $448.9 million, driven by Liqwid and Minswap

Cardano achieved its milestone towards complete decentralization through the approval of its constitution. Through collaboration with the community Cardano established this foundational document that introduces decentralized governance procedures. Effective February 23, 2025, the Cardano Constitution provides transparent, accountable decision-making through ADA holders who lead the platform toward its future direction. ADA enters a new governance age through this development as community decisions direct its evolution path.

The Cardano Constitution has been ratified.

This milestone sets the foundation for on-chain governance, ensuring clear rules, transparency, and accountability in decision-making.

It will be fully enacted on 23 February 2025, shaping how Cardano evolves—guided by its community. pic.twitter.com/sYsZR4hPHu

— Cardano Foundation (@Cardano_CF) February 19, 2025

The ratification procedure required multiple workshops and discussions, with more than 1800 participants from 50 nations. Cardano founder Charles Hoskinson touted the ratification achievement by highlighting its significance for developing a decentralized blockchain system. As part of its core principle of decentralization, it implements a formal governance structure to protect the network from single-entity control.

Recent trends in ADA’s trading charts indicate a significant upswing, with ADA currently trading at approximately $0.7996, reflecting a 4.52% increase over the last 24 hours. This rise is part of a broader trend that shows ADA gradually recovering and potentially setting up for a breakthrough. The cryptocurrency’s price action has stabilized around the $0.77-$0.80 range, suggesting that ADA is consolidating before a possible upward movement. ADA’s ongoing momentum could break through the $0.80 resistance to expose new higher resistance levels that reflect investor participation.

Technical indicators at press time read 47.54 on the Relative Strength Index, which demonstrates that ADA cryptocurrency is in a state of neutral market sentiment rather than being overbought or oversold. ADA’s trading performance will mostly depend on its capacity to surpass strong resistance levels while sustaining an upward trend.

Cardano’s Growth and Market Performance in Q4 2024

In the final quarter of 2024, Cardano (ADA) exhibited substantial growth, with its circulating market cap increasing by 127% QoQ to reach $30.3 billion. Such strong performance moved ADA from position 11 to position 9 in the rankings while its price rose 126% QoQ to $0.84. The Cardano ecosystem expansion combined with market-friendly conditions has driven the price surge.

The monthly transaction fees on the Cardano network grew by 254% compared to the prior quarter, reaching $1.8 million, while average daily transactions increased by 65% to 71,500. This increase in network activity demonstrates the expanding use of decentralized applications and other blockchain services. The stablecoin market of ADA network witnessed a 66% QoQ growth because iUSD continued as its dominant token while demonstrating improved trust levels within the financial systems of the network .

The network’s decentralized finance (DeFi) sector experienced significant growth during Q4 2024. Total Value Locked (TVL) grew by 94% QoQ until it reached $448.9 million. The DeFi ecosystem on Cardano expanded significantly during Q4 2024 with Liquid and Minswap raising their TVL by 141% and 69%, respectively, which demonstrated strong capital inflow and user engagement.

DEX transactions on ADA increased daily volume by 271% QoQ to reach $8.9 million, indicating growing decentralized finance activity on the network. The NFT market experienced a slight decrease, while average daily NFT sales in USD increased by 86% as ADA prices rose to maintain interest in ADA digital assets.