DappRadar Now Supports Cardano
On Monday, September 5th, Lithuania-based decentralized application store, DappRadar, which tracks more than 10,000 dApps across more than 45 protocols, announced the addition of support for the Cardano blockchain.
Although DappRadar is yet to officially list Cardano on its store, it has asked Cardano developers to submit their dApp contracts ahead of the listing. DappRadar tweeted;
Currently, Cardano hosts over 1,000 dApps. In addition to this, Aada Finance recently announced the launch of ‘Aada Finance V1’—the first lending and borrowing protocol on the Cardano mainnet.
Why Vasil Is Cardano’s Most Important Upgrade
Despite launching smart contracts a year ago in September 2021, the Cardano blockchain has yet to full benefit from the robustness and scope of dApps as seen on the Ethereum, Binance, Solana, or Polygon chains. Indeed, at the time of writing, decentralized finance applications on Cardano only have a cumulative total value locked (TVL) of $88.46 million.
However, all that could change with the Vasil Upgrade. IOHK, the development company behind Cardano, has called Vasil “the most significant Cardano upgrade to date.” Following an announcement by Charles Hoskinson, Vasil is set for launch on September 22nd.
Vasil promises increased network capacity, cheaper transactions, and an upgrade to the Plutus language, which will enable the development of more powerful applications.
On the Flipside
Why You Should Care
DappRadar’s listing comes ahead of the Vasil launch, which users expect will bring more competitive dApps to the Cardano blockchain.
Support for Cardano is steadily mounting ahead of the Vasil hard fork. Read more:
Robinhood (NASDAQ:HOOD) Announces Cardano (ADA) Listing Ahead of the Vasil Upgrade
Find out more about Aada Finance below:
Aada Finance Launches The First Lending and Borrowing App on Cardano Mainnet
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Source: Cryptocurrency - investing.com
