Eight Leading Exchanges Upgrade Their Systems Ahead Of Cardano’s (ADA) Vasil Hard Fork

The much anticipated Vasil hard fork for the Cardano chain is closer than ever, with exchanges, decentralized applications (dApps), and stake pool operators (SPOs) all meeting important metrics for the launch.

Eight Leading Exchanges Signal Readiness for Vasil

IOHK, the development team behind the Cardano network, has announced that eight leading crypto exchanges have upgraded their architecture, and are now ready for the long-awaited Vasil hard fork.

According to IOHK, three of the twelve exchanges with the highest Cardano (ADA) liquidity are prepared for the upgrade. Exchanges to have upgraded their systems include, Gate.io, MEXC, Bitrue, OKx, Whitebit, BtcTurk, AscendEX, and Revuto.

In order for the hard fork to be executed, 25 exchanges must have upgraded systems. IOHK set the bar at 25 crypto exchanges as a means to represent 80% of ADA’s liquidity. IOHK tweeted:

Stake Pool Operators Upgrade Ahead of Vasil Hard Fork

IOHK also provided updates on the other metrics being used to measure the Cardano ecosystem’s readiness for the hard fork. While it requires 75% of SPOs to upgrade, IOHK reported that 94% of its mainnet blocks are being created by updated SPOs.

Similarly, the top 10 dApps by total value locked need to be running on the pre-production chain, and IOHK reports that 5 of these dApps are now doing so.

On the Flipside

  • Despite the positive update, Cardano (ADA) leads the crypto market plunge, having dropped 8% in value over the last 24 hours.
ADA graph coinmarketcap cardano

The 24 hour price chart for Cardano (ADA). Source: CoinMarketCap

Why You Should Care

The Cardano ecosystem appears to be ready for the Vasil hard fork, the final date of which has been set for September 22nd.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).