Bitfinex, a state-of-the-art digital token trading platform has announced integrating Cardano’s Vasil hard fork, as per the post. The trading platform informed that the new features will begin on 27 Sept. without specifying a timeline.
However, it assured users that trading, deposits, or withdrawals will not be affected. Cardano’s most ambitious upgrade went online on September 22 following multiple delays.
Input Output Hong Kong [IOHK], the developer behind Cardano, posted a recent update on Twitter stating that 13 cryptocurrency exchanges, representing more than 87% of Cardano’s [ADA] liquidity, had offered support for the hard fork.
The largest digital asset exchange in the world, Binance, has too declared its support for the Vasil Hard Fork.
In a separate post, IOHK said that Coinbase is the only among the top exchanges for ADA liquidity that has its integration status labeled as “in process.”
However, Coinbase later tweeted that it would support the fork, stating that ADA transactions would be suspended “during the Cardano Vasil hard fork.”
The Vasil upgrade’s launch date was originally set for June, but it was twice postponed, most recently because of a flaw in Cardano’s previous node version that caused interoperability problems.
Meanwhile, data from the cryptocurrency monitoring website LunarCrush showed that social activity around ADA has increased significantly as a result of the Vasil hard fork’s successful completion.
Cardano’s Social Activity Reached Record High
Over 52,000 daily mentions of the token were found on social media, a record for the previous three months. The indicator’s overall value as determined by the 90-day results was greater than 2.3 million.
Analysts have highlighted that this might indicate the crypto community’s peak interest in Cardano, which is unusual given the current state of the crypto industry. However, it appears from the ADA price trend that even if investors are interested, they would rather remain cautious.
At the time of publication of this post, ADA is exchanging hands at $0.46 with a 24-hour trading volume of $676 million. The 8th biggest cryptocurrency is up 4.21% in the last 24 hours and its market cap stood at 15.7 billion.