Blockchain

Cardano’s Social Activity Hit New All-Time High After Vasil Hard Fork

Cardano's Social Activity Hit New All-Time High After Vasil Hard Fork

Cardano (ADA) has seen an all-time high in social activity following the successful completion of the network’s Vasil hard fork, which brought faster block creation and upgraded Plutus smart contracts for increased efficiency while allowing decentralized applications to deploy and run at lower costs.

Cardano’s daily social mentions reached 52,470, according to crypto social intelligence company LunarCrush, while the cryptocurrency’s overall social activity achieved a new all-time high after the Vasil update.

The hard fork significantly improves and enhances ADA’s capabilities, according to Tim Harison, VP of Community & Ecosystem at Input Output Global (IOG), the blockchain company behind Cardano’s R&D, with new Plutus v2 features and enhancements allowing dApp developers to create novel and exciting experiences and diffusion pipelining enabling greater throughput and network capacity.

Cardano-based financial products have received $14.1 million in the capital so far this year. At the time of writing, ADA is trading at $0.4616.

ADA daily chart. Source: CoinCu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.