cryptocurrency

Cardano (ADA) is rising as it is ready to upgrade Vasil

  • The total closing value of AADA increased significantly by $366,898.
  • Currently, Cardano has 60 thousand active addresses.

Several exciting developments led to the Cardano (ADA) Vasil hard fork. Input Output Hong Kong (IOHK) is preparing for the entire upgrade process, with the final Cardano upgrade scheduled for September 22. Subsequently, it also increased the lending protocol on the Cardano mainnet. According to DeFiLlama, a TVL aggregator, AADA’s Total Closed Value (TVL) has increased significantly by $366,898, in the previous seven days.

The Cardano ecosystem’s decentralized non-custodial exchange, ADAXPro, has also been affected by the Vasil hard fork upgrade, and ADAX has increased by 2564% over the past 30 days. With all these increases, Cardano TVL It was valued at $80.88 million.

Cardano’s daily active addresses have also increased significantly. Active 24-hour ADA addresses are up, and currently Cardano has 60,000 active addresses, according to Santiment data. After that, Cardano trading maintained certain stable levels from September (34.13B).

Cardano (ADA) active addresses (Source: saint)

Cardano has gained notable support in exchanges

Prior to moving on to this significant upgrade, Cardano received further support from 39 prominent exchanges, including Binance, Upbit and AAX, which are the main players in this upgrade process, and Coinbase, which is in a state of progress.

As of now, Binance, the world’s largest cryptocurrency by daily trading volume, has announced on its Twitter account that it is to support upgrade. This addition improved liquidity availability by up to 98%.

ADA price is up more than 1.30% from the previous day. At the time of writing, Cardano (ADA) is trading at $0.45769 with a trading volume of $1,021,664,355, ADA has maintained a market capitalization of $15 billion, according to CoinMarketCap.

Cardano (ADA) price chart (Source: TradingView)

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