{"id":250249,"date":"2022-08-05T09:00:33","date_gmt":"2022-08-05T03:30:33","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=250249"},"modified":"2022-08-04T19:38:53","modified_gmt":"2022-08-04T14:08:53","slug":"cardano-achieves-these-two-key-milestones-prior-to-hard-fork","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/cardano-achieves-these-two-key-milestones-prior-to-hard-fork\/","title":{"rendered":"Cardano achieves these two key milestones prior to hard fork"},"content":{"rendered":"

Cardano [ADA] one of the most developed crypto networks reached two important milestones ahead of the much-awaited (delayed)<\/a>\u00a0hard fork.<\/p>\n

The Vasil upgrade would\u00a0deliver a \u201cmassive\u201d performance improvement, at least that’s what the community predicted.<\/p>\n

Milestones unlocked\u00a0<\/strong><\/h3>\n

ADA holders\/communities saw sustained development ahead of the impending upgrade. The eighth largest token, despite the previous setback(s), witnessed a fresh surge. On CoinMarketCap, ADA traded above the $0.5 mark, thanks to the latest uptick.<\/p>\n

The number of Cardano wallets, as well as smart contracts deployed on the network, reiterated the same bullish stance.<\/p>\n

According to data from\u00a0Cardano Blockchain Insights<\/a>, a total of 3,105 Plutus-based smart contracts were deployed on the network. Indeed, an uptick- since in July this figure stood at 2,900.<\/p>\n

\"\"<\/a>
Source: Cardano Blockchain Insights<\/figcaption><\/figure>\n

This showcases Cardano’s ability that\u00a0allows users to write applications that interact with the blockchain.<\/p>\n

It also goes to say why Cardano always stood at the top for the most developed network.<\/p>\n

Moreover, even Cardano holders supported the network without considering the price.<\/p>\n

As seen on the same data platform, the total number of ADA wallets was recorded<\/a> at 3,502,565 on 3 August.<\/p>\n

\"\"<\/a>
Source: Cardano Blockchain Insights<\/figcaption><\/figure>\n

Herein, Cardano managed to add over 500,000 new holders in the last six months despite the price correction. Even the delay in the upgrade couldn’t deter ADA enthusiasts’ commitment.<\/p>\n

Moving on to the DeFi front, Cardano’s TVL on DeFiLama saw a modest 6% incline. At the time of writing, the total value locked stood<\/a> at $93 million and still continues to incline.<\/p>\n

In fact, FluidTokens, a DeFi lending platform that allows users to lend or borrow with CNFTs as collateral, saw a growth of 54,000% in\u00a0the past month.<\/p>\n

Having said that, the network did see a significant drop from its all-time high TVL of $326 million on 24 March.<\/p>\n

On-chain says…<\/strong><\/h3>\n

Surprisingly, Cardano’s network activity painted a green picture. At press time, the 24-hour active addresses on Cardano had improved significantly.<\/p>\n

Moreover, at the time of writing, the metric stood at 78.4k. Meanwhile, the development activity did take a downturn expectedly.<\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Nonetheless, Charles Hoskinson’s regular interaction<\/a> with the community coupled with developments around the hard fork could aid the token reach new heights.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano [ADA] one of the most developed crypto networks reached two important milestones ahead of the much-awaited (delayed)\u00a0hard fork. The Vasil upgrade would\u00a0deliver a \u201cmassive\u201d performance improvement, at least that’s what the community predicted. Milestones unlocked\u00a0 ADA holders\/communities saw sustained development ahead of the impending upgrade. The eighth largest token, despite the previous setback(s), witnessedContinue reading “Cardano achieves these two key milestones prior to hard fork”<\/span><\/a><\/p>\n","protected":false},"author":68,"featured_media":250262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-250249","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nCardano achieves these two key milestones prior to hard fork - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) one of the most developed crypto networks reached two important milestones ahead of the much-awaited "delayed" hard fork.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/cardano-achieves-these-two-key-milestones-prior-to-hard-fork\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano achieves these two key milestones prior to hard fork - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Cardano one of the most developed crypto networks reached two important milestones ahead of the much-awaited (delayed)\u00a0hard fork. 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