Wednesday, February 1, 2023
HomeCrypto NewsCardanoCardano Makes Last Push Towards Vasil Launch

Cardano Makes Last Push Towards Vasil Launch

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Cardano is thriving in the market today as ADA made a reaping gain. The native token is up about 2% today, trading at $0.458 at the time of writing. In addition to the support from the broader market, Cardano’s rally was aided by another factor.

According to an announcement by Cardano developer Input Output on Thursday, developers are releasing new test versions of Daedalus, bringing the network closer to the Vasil hard fork. However, only developers and stake pool operators working in the pre-production and preview testing environments can access the new test versions.

As a result, the path to Vasil includes several testing environments with varying epoch lengths, purposes, and Plutus versions. Therefore, the preview is a longer-term environment in which developers can test Vasil’s functionality. The pre-production environment, on the other hand, is appropriate for final stage integration or upgrade testing because it matches the configuration of the mainnet.

According to Input Output, the latest release is part of the “final mile” towards the Vasil upgrade.

Related: Binance.US Has Launched Cardano Staking (ADA)

ADA (Cardano) Network Activity Also Responds

Despite the above price trend, the network remains the second most active chain. The network has enabled $6.24 billion in transactions in the last day.

As shown below, this figure is higher than that of other top blockchain networks, such as Ethereum ($5.51 billion), Litecoin ($2.77 billion), Ripple ($542 million), and Dogecoin ($358 million).

Source: Messari

The number of valid addresses has remained close to average levels. However, as shown below, it has been making surges. When an address becomes a direct participant in a successful transaction, it is considered active. Thus, Cardano user participation is not lacking in this area.

Source: Messari

Read more: 5 Things You Didn’t Know About Cardano (ADA)

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Lekan Eyinade
Lekan Eyinade is a resourceful crypto content creator and copywriter with over two years of experience writing compelling cross-channel copies for web content, press releases, newsletters, and advertising materials. He is adept at various communication formats, including feature articles, headlines, blogs, and social media and has used his skills to promote cryptocurrency adoption. His interests include cryptocurrency, finance, music, and sports.
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