One of the biggest updates to the Cardano blockchain. Vasil Hard ForkAfter about two weeks, it seems to have started to have a very positive effect on blockchain performance. This positive effect was also confirmed by different metrics.
cardano According to the information available on the Fans Stake Pool page, there is a steady increase in the number of ADA wallets and the number of participants putting their ADA into staking, albeit with a slight delay.
Two weeks after the update, there was a strong increase in the number of transactions, similar to the one before the Vasil hard fork. This development, a certain movement in the number of Cardano transactions being processed was made on September 25 and this momentum has continued until now.
In addition, Cardano is the founder of the ecosystem recently. Charles Hoskinson approached the threshold of including more payments in a single transaction.
One transaction distributed 16,164 islands to 217 holders for a fee of 0.78173 islands. Tell me again how EUTXO can’t scale and we only do 1 tps. >pic.twitter.com/glCtBJwUoQ
— Charles Hoskinson (@IOHK_Charles) October 6, 2022
Koinfinans.com Finally, as we reported, Cardano’s smart contract platform Plutus qualitative and quantitative changes were also made. According to the information on the portal, 100 new smart contracts have been implemented on the platform since the introduction of the Vasil hard fork. The total number of Plutus-based smart contracts reached 3,392.
However, there are of course also negative changes that have occurred since September 22. For example, Cardano’s total locked value (TVL) has decreased significantly. The cumulative output in TVL across various platforms after the Vasil hard fork was $3 million. We could also see a significant drop in ADA trading volumes of around $1 billion, which defines the attitude of anxious investors in the generally turbulent crypto market.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.