Thread by @cyrilXBT

The entire crypto community has been waiting for the Vasil hard fork for #cardano

Originally planned to go live earlier this year, the hard fork was delayed for several reasons.

Here's everything you NEED to know 🧵

Recently, Input Output Global revealed many new developments through a tweet.

Suggesting the wait will be over soon.

Amidst the hype and excitement, $ADA’s chart indicated something more for the token in the coming days as it slowly recovers from last week’s plunge.

Cardano developers are committed to making the Vasil hard fork rollout as seamless as possible.

Therefore, the developers are ensuring that exchanges and Dapp developers have enough time to upgrade their nodes before the hard fork.

https://twitter.com/InputOutputHK/status/1565028360136400896

Additionally, IOG is tracking three mass indicators:

• 75% of mainnet blocks created by the final release candidate,
• 25 exchanges upgraded
• top 10 DApps by TVL updated ahead of the hard fork.

#cardano #cardanoADA $ADA

The good news is that IOG mentioned that more than 80% of SPOs have upgraded.

Also, more than 70% of the top DApps they were tracking have confirmed successful pre-production testing.

Moreover, two exchanges have already upgraded and are ready for the rollout,

While 27 others are in the queue.

All the aforementioned developments indicate the wait for the Vasil hard fork should be over.

Undoubtedly, the upgrade is expected to be the most significant one in the Cardano ecosystem.

While IOG amplified its efforts for the hard fork, $ADA’s on-chain metrics correspond to it with several interesting movements

For example: the social volume of $ADA spiked in the last week.

Thus, indicating the community’s interest in the token ahead of the big day.

Additionally, $ADA’s daily active addresses chart was also consistent over the last month, which revealed the stats of steady active users in the community.

Alright, that's it. I'm excited to see how it goes for Cardano.

I'll also make sure to write about it after the upgrade to discover the benefits of the update.

Also, I'd like to say I learn a lot about this ecosystem from my friend @cardano_whale do check his page out.

@cardano_whale Let me know if you found this thread helpful. #cardano #cardanoADA $ADA

What's your opinion on $ADA's Hard fork? What did I miss?

Follow me @cyrilxbt for more 🧵 's like this.

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https://twitter.com/1373665408193036293/status/1567456674507591680