Input Output, a Cardano developer, has made considerable strides toward the highly awaited Vasil hard fork. A staggering 95% of blocks are now originating from 1.35.3 nodes as of Monday.
The network had to proceed with the upgrade in order to meet the 75% requirement, and version 1.35.3 was picked as the last node candidate for the Vasil hard fork.
By Sept. 12, the vast majority of the most liquid exchanges had either integrated Vasil or begun putting together their high-stakes upgrading plans. Giants like Binance and Coinbase are included in this.
The only top 12 exchanges by liquidity that haven’t started implementing the update are ChangellyPRO and ZB.com. Among the exchanges that haven’t joined the bandwagon are Zipmex, CEX.io, CoinDCX, and Coinbase Pro.
Cardano projects have increased at a staggering level
Since 2022, there have been more than five times as many projects built on the Cardano network. IOG’s most recent statistics show that 1,093 projects are actively utilizing Cardano in their construction.
On Cardano, 94 projects have been started, whereas there are 3,196 Plutus scripts. Over six million native tokens have already been created on the Cardano network using 61,314 different minting strategies.
The number increased to 199 in January of this year, at which point ADA founder Charles Hoskinson asked, “Who wants to be project 200?.” As of now, more than a thousand projects are being developed on the Cardano network.
The much-awaited improvement, which bears Vasil Dabov’s name, was planned to launch on September 22. All of the major DeFi projects by total value locked for decentralized apps have either begun testing release 1.35.3 in pre-production or have already done so.
By market capitalization, ADA is now ranked eighth, below XRP and Binance USD (BUSD). According to statistics from CoinMarketCap, it is presently trading at $0.5017 on significant spot markets.