Cardano takes ‘final mile’ towards Vasil upgrade: ADA inclines

Lavina Daryanani
Source: NewsBTC

With the crypto market recovering on Friday, Cardano’s native token ADA was seen reaping gains. On the daily, ADA was up by roughly 2%, trading at $0.456 at press time. Alongside the push received from the broader market, there was another catalyst sustaining Cardano’s rally.

Cardano developer Input Output announced Thursday that it was releasing new test versions of Daedalus, taking the network closer to the Vasil hard fork. The new test versions are available only for developers and stake pool operators working on the pre-production and preview testing environments.

As such, the road to Vasil has a couple of testing environments with different epoch lengths, purposes, and Plutus versions. The preview, as such, is a longer-term environment where developers can test the functionality of Vasil. The pre-production, on its part, is suitable for final stage integration or upgrade testing, for its environment matches the configuration of the mainnet.

The latest release, per Input Output, is a part of the “final mile” towards the Vasil upgrade.

Cardano network activity also acknowledges back

Alongside the price inclination highlighted above, Cardano remains the second most active chain. Over the past day, the Cardano network has been able to foster transactions worth $6.24 billion.

As illustrated below—the said number is higher than other leading blockchain networks like Ethereum [$5.51 billion], Litecoin [$2.77 billion], Ripple [$542 million], and Dogecoin [$358 million].

Source: Messari

Parallelly, the number of active addresses has been able to hover around the average levels. Additionally, as illustrated below, it has been making spikes now and then. An address, as such, is considered to be active when it becomes a direct participant in a successful transaction. So, the current state of this metric further assures that the participation by Cardano users is not lackluster at the moment.

Source: Messari