On September 5, 2022, the world’s biggest DApp store tweeted that it plans to roll out support for Cardano. While no specific date was mentioned, that represents a major boost for the Cardano ecosystem.
Details of the Rollout
DappRadar, the biggest DApp store in the world, will soon roll out support for Cardano. In line with the planned rollout, the Lithuania-based platform has urged developers to submit Cardano-based DApp contracts for review.
Cardano Is Doing Quite Well
The crypto industry is currently in a bear run. Despite this, the Cardano ecosystem is doing quite well. This is especially so when it comes to DeFi, where Cardano has been posting some encouraging figures. For example, the data shows that the current total locked value on Cardano has grown by over $10 million since September 2022.
Cardano’s TVL currently stands at nearly $90 million. That shows that users have been parking funds on the platform. The biggest DEX on Cardano, Miniswap, accounts for 52.22% of all TVL with around $46.80%, with WingRiders coming a close second with $18.21 in TVL.
Besides growing TVL, network activity has also been growing. Since the start of the month, the network activity has grown from around 55.7K network transactions to around 72.1k network transactions. This shows high anticipation of the value the Vasil hard fork will bring.
About the Upcoming Vasil Hard Fork
One of the biggest hard forks expected in the crypto and blockchain world is the Ethereum Merge hard fork. However, it is not the only high-stake hard fork coming soon. For example, Cardano is planning the Vasil hard fork, which will significantly affect its ecosystem.
Input Output, a renowned Cardano developer, recently announced that the developer team would release test versions of Daedalus, bringing the Vasil upgrade closer to reality.
In a recent tweet, a community member noted that the network sync for Vasil node candidate 1.35.3 through 400 nodes was 99.77 percent complete. Therefore, it implies that the fork will be a high-performance network.
Once implemented, Vasil will bring major enhancements to the Cardano smart contract platform Plutus. Doing so will make it possible to create powerful and efficient blockchain-powered applications. Like Ethereum Merge, Vasil has been pushed back several times due to bugs and testing issues.
What is a Hard Fork?
A hard fork is a permanent upgrade to a blockchain protocol, which makes the new network incompatible with all previous blocks. It is often used to add features to a blockchain network to improve speed, efficiency, and lower cost.