Cardano (ADA) Tops List 3,870 Cryptos With the Highest Market and Social Activity

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Following a surge in its social and market activities, Cardano is now ranked first among the top 3,870 largest crypto assets in the LunarCrush Alt Ranking.

“Based on relative combined social + market activity, @Cardano has hit AltRank™ 1 out of the top 3870 coins across the market,” LunarCrush noted in a recent tweet.

Read also: 3 Best Places to Buy Cardano in September 2022

Cardano’s Recent Outstanding Performance in the Wake of the Vasil Launch

According to LunarCrush data, Cardano’s native cryptocurrency ADA has increased 5.89% in the last 24 hours to $0.4928, while its social volume has increased 5.4% to 31,559.

In parallel, Cardano’s social engagement increased by 29.3% to approximately 73.83 million. The achievement is due to the upcoming release of the Vasil hard fork. Charles Hoskinson, as reported by TheCryptoBasic, announced last week that the Vasil hard fork on Cardano’s mainnet will go live on September 22, 2022.

After extensive testing of Vasil’s final node candidate 1.35.3, the project team chose September 22, 2022.

“Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we can today announce September 22nd for the Vasil upgrade on the Cardano mainnet,” the Cardano team noted.

Vasil’s deployment on the Cardano mainnet was originally scheduled for late June, but it was postponed twice. The delay occurred because the Cardano team concentrated on eliminating any potential technical glitches.

Related article: Cardano Outranks Bitcoin Among the World’s Top Intimate Brands

Investors in ADA are excited about the upcoming Vasil launch

With the Vasil launch date announced, the Cardano community became excited to increase ADA marketing and social engagements in anticipation of the long-awaited hard fork.

Vasil is expected to increase Cardano’s network capacity, reduce transaction costs, and improve the blockchain’s smart contract functionality, allowing for deploying more useful decentralized applications.

ADA is currently trading at $0.49 on various cryptocurrency exchanges in the hours leading up to press time, with a 24-hour trading volume of $641.25 million.