Cardano: Vasil’s delay is not exactly ADA’s gain, but it is…

“From where we are, there could be a few more weeks before we go to the actual Vasil hard fork… It’s incredibly important [that] all the users have to be ready to progress through the hard fork to make sure [it’s a] smooth process both for them, and more importantly, for the end users of the Cardano blockchain.”“Sometimes you just have to let people build beautiful things regardless of how long it takes.

Now, here’s the million-dollar question – Did this delay have any repercussions on the said network? 100% yes.Two prominent indicators saw a MASSIVE fall, at press time. Namely, social volume and active addresses on Santiment. The social volume, for instance, declined from 441 on 29 July to trading in single digits at press time.Around the same time, active addresses on the Cardano chain saw a steep fall, as seen in the graph above.

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Is ADA making an effort to take over XRP’s position amid rising market capCardano’s [ADA] move to improve scalability within its network may have been delayed. However, the Proof-of-Stake (PoS)-based cryptocurrency did not seem to be bothered about the development. As of 29 July, ADA flipped Ripple [XRP] to become the seventh largest cryptocurrency in market value. Delay not denial According to Santiment, the flip happened as ADA’s […]
Source: CryptoAmb - 🏆 22. / 68 Read more »