From the Super Mario Wiki, the Mario encyclopedia
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The Toad Kart is, as its name implies, Toad's kart in Mario Kart: Double Dash!!. Its design is very similar to the classic Pipe Frame karts from Super Mario Kart, Mario Kart 64, and Mario Kart: Super Circuit, and seems to have inspired the Standard Karts from Mario Kart DS onwards, to which it also looks similar, but lacks handlebars, due to only one character per kart in those games.
Much like other lightweight karts, the Toad Kart has low top speed and is easily knocked away because of its weight, but has above average acceleration. The Toad Kart and Rattle Buggy have the same weight, meaning that they can't push each other around, but the former does not bounce as high as the latter. However, they're not as heavy as the Koopa Dasher kart (another lightweight kart with identical in-game stats).
In terms of actual stats, when compared to all the other two star speed lightweight karts, the Toad Kart offers the highest top speed, but it also accelerates the slowest of all the four star acceleration lightweight karts.
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