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You are here: Home / News / Altcoin News / Cardano To Arrive In World’s No 1 NFT & DeFi DApp Store
Cardano To Arrive In World's No 1 NFT & DeFi DApp Store

Cardano To Arrive In World’s No 1 NFT & DeFi DApp Store

September 7, 2022 by Lipika Deka

Cardano to soon land in the world’s leading dApp analytics platform DappRadar. Announcing the same via Twitter, the Lithuania-based service, urged developers who are working on Cardano to submit their contracts.

“Cardano Dapp developers should submit only bech32 format contracts and treasury accounts where they receive their tokens/fees,” the announcement read.

The team also attached sample links of valid contracts as well as token accounts otherwise errors could lead to rejection in the application process.

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Cardano To Arrive In World's No 1 NFT & DeFi DApp Store 4

Launched in 2018, the platform led by CEO Skirmantas Januskas hosts close to 12150 dapps from over 48 protocols and boasts of 1 million monthly users across the globe that uses its platform for discovering dapps and managing their NFT/DeFi portfolios.

The news comes after Cardano overtook XRP to rank 7th in the global market cap. With that, the popular proof-of-stake blockchain has become the seventh largest cryptocurrency, with a market cap of $16.6 billion, while XRP’s market cap stood at $16 billion.

Cardano Network Has Tapped Peak Performance of 99.7%

The latest milestone is an outcome of the positive sentiment among investors with regard to the much-awaited Vasil hard fork, and exchange listings.

The other day, a Cardano community member Rick McCracken DIGI, who is also a stake pool operator, shared that the network has hit a peak performance of 99.77% when it synced for Vasil node candidate 1.35.3 across the 400 + reporting nodes.

“My normal observations have typically been 97 to 99%”, he added.

image 17
Cardano To Arrive In World's No 1 NFT & DeFi DApp Store 5

Vasil hard fork is heavily dependent on the majority of block-producing nodes running the latest 1.35.3 version. To activate the upgrade, Cardano developer IOG has set a target of 75% of mainnet blocks being created by the final Vasil node candidate.

At present, this metric has surpassed the target and met with more than 87% of the block percentage.

The Vasil upgrade is a part of the Basho phase of the Cardano roadmap that focuses on scaling and network and ledger optimization.

This is expected to bring significant improvements using the hard fork combinator [HFC] approach and ramp up the network’s performance by increasing throughput, script efficiency, and reducing latency in block transmission.

As of now, multiple stakeholders, including SPOs, exchanges, and dApp projects, are upgrading their nodes and testing their code and other Cardano components ahead of the event scheduled for this month.

Filed Under: Altcoin News, News Tagged With: Cardano (ADA), DappRadar, Vasil Hard fork

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