Did Vasil hard fork officially open doors to Cardano?

Sahana Kiran
Source – Unsplash

After encountering multiple delays, the Cardano [ADA] network finally rolled out the much-awaited Vasil hard fork. Just as the Ethereum community celebrated the finalization of the Merge, the ADA ecosystem swiftly welcomed Vasil. While the delays did bring out backlash from the community, several have been suggesting that it was worth the wait.

On the 23rd of September at 21:44:00 UTC the Cardano network was successfully hard forked. An array of them lauded the network for hitting this milestone. A few other projects, however, noted how they were finally getting prepped to deploy their smart contracts on the network post-Vasil.

A tweet from a music streaming marketplace seemed to have caught the eye of Charles Hoskinson, the founder of Cardano. Since deploying smart contracts has become more cheaper and efficient with the Vasil hard fork, Cardano is set to lure in a number of projects.

Time and again, the Cardano network was criticized for being a “ghost chain.” The crypto community pointed out how other assets on the top ten were a much more popular choice as opposed to the ADA in terms of adoption.

Things have certainly taken a whole new turn with the Vasil hard fork. The network has not only welcomed an array of new projects into its ecosystem but is making room for quite some more.

Cardano is still in the red following Vasil

XRP was undoubtedly the star of the crypto market. ADA was mirroring the sentiment of the rest of the market. At press time, the altcoin was trading for $0.455 with a 0.28 percent surge over the last 24 hours.

In addition to this, Cardano dropped down to the eighth position as its market cap dipped to $15.54 billion.

The social sentiment of Cardano witnessed a massive push. Both, its social mentions as well as social engagements were at a three-month high.