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After Cardano’s Vasil hard fork launched on September 22nd, the blockchain network’s native token surged 2.1% to $0.45 over the past 24 hours.
ADA was in the red in the 7-day indicator as it lost 3% of its value and fell to $0.43 during this period.
input/output I have written We expect Vasil upgrades to significantly improve our network.
According to the crypto company, the upgrade will optimize Ouroboros’ verifiable random function (VRF) process, resulting in faster block verification, better security, and better smart contract capabilities.
Meanwhile, the various features Vasil brings to the blockchain will be available only to developers on September 27th.
Vasil’s upgrade is the most important event in the Cardano ecosystem and was originally scheduled for July. However, bug concerns and other issues delayed the upgrade.
The upgrade will occur in the same month as the network’s 5th anniversary.
Cryptocurrency cold wallet maker Ledger has tweeted that it is ready and hopes the service will have no downtime.
according to update From Input Output, 99% of Cardano’s mainnet blocks are created by Vasil node 1.35.3. Apart from that, we are confirming that the top Cardano dApps are ready for an upgrade.
Among the top 12 exchanges that provide liquidity to the ecosystem, Coinbase is the only exchange that is still in progress for an upgrade.
Cardano’s planned upgrade has increased social media buzz about the network, according to data from Santiment.
#Crypt Markets have obviously taken a big hit over the past week, but it’s interesting to see where public interest has shifted. $ETH, $XRP, $ADA, $MATICWhen $SHIB has been discussed more, while most other assets have been less discussed. https://t.co/B461oasvSr pic.twitter.com/c6FVIS90gG
Santiment (@santimentfeed) September 19, 2022
Santiment says public interest in Cardano has increased by 35.16% over the past seven days.
The Cardano blockchain has achieved several milestones this year, from passing the 3000 smart contract milestone to developing several stablecoin platforms and other new improvements.
Cardano is currently the third largest proof-of-stake blockchain network with native asset staking. The Charles Hoskinson-led network beat out Binance Chain, Avalanche (AVAX), and Polkadot (DOT), according to a Cardano Daily tweet.
Native token staking across blockchains
Regarding POS blockchain in crypto environment, @Cardano Blockchain ranked third with $11.49 billion wagered on the network!
#Cardano #vasil #staking pic.twitter.com/ee357RwF2BCardano Daily (@cardano_daily) September 21, 2022
Data showed that staked Cardano is currently valued at $11.49 billion, below that of Solana (SOL) and Ethereum (ETH).
