The World’s Largest DApp Store Launches Support For Cardano (ADA) Ahead Of Vasil Upgrade

With the approach of Cardano’s long-awaited Vasil upgrade, DappRadar, the world’s largest store for decentralized applications (dApps), has added support for the Cardano blockchain.

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

  • Billionaire Mark Cuban recently remarked that Dogecoin has more applications than Cardano, which has failed to make any impact on the dApp sector since launching smart contracts.

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 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

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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Author

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).