In advance of hard fork, dApp projects, exchanges and SPOs keep updating their systems to maintain compatibility
Cardano developer Input Output has confirmed the expected launch of the Vasil upgrade on September 22 after “extensive testing” of all core components. As noted in the weekly IOG report, it could take up to seven days for Vasil’s capability to become available on the mainnet. The IOG says that Vasil capability will become available at the start of Yuga 366 on September 27.
In advance of the hard fork, dApp projects, exchanges and SPOs keep updating their systems to maintain compatibility. The non-fungible token (NFT) marketplace Artano just published a blog post outlining its key development takeaways. The results of Artano’s Vasil testing indicate a cost reduction of up to 76-77% and a transaction size reduction of up to 92%.
Cardano founder Charles Hoskinson hinted at the power of the upcoming Vassil upgrade, referring to the “Artano Post” that would be the reason for deploying dApps.
IOG earlier stated it would be tracking three critical mass indicators ahead of triggering the hard fork, which are: 75% of mainnet blocks being created by the final release candidates, roughly 25 exchanges upgraded (representing 80% of liquidity) and the top 10 dApps by TVL updated.
In a recent IOG report on ecosystem readiness, 95% of mainnet blocks have already been created by Vasil node candidate 1.35.3, which indicates that the “node readiness” metric has already been completed.
Also, 50% of the top 12 exchanges by liquidity, namely Binance, MEXC, Bitrue, AAX, WhiteBIT and BKEX, have indicated Vasil readiness. Coinbase and three other exchanges in the top 12 are currently updating their nodes. Ten other exchanges have indicated Vasil readiness, while several others are in the process of updating their nodes. Approximately 50% of the top Cardano dApps have the “tested” status in preproduction, while others remain “in testing.”
positive expectations remain
Cardano Whale, a Cardano community-focused Twitter account, shares its positive expectations regarding Vasil: “At the end of this month, Cardano will have a potential TPS in line with the AVX C-chain (TeX and Marketing Talk within TeX, Ignoring etc).
According to recent statistics by IOG, currently, 1,093 projects are building on Cardano. Ninety-four projects have been launched on Cardano, while the number of Plutus scripts stood at 3,196. The Cardano network has now seen the minting of over six million native tokens. The total number of transactions stood at 49.6 million.
