“Cardano has never been stronger”: Charles Hoskinson
Cardano (ADA) Whale, or large holders, is enjoying interest, as it currently ranks among the top 10 assets by trade volume among the 500 largest BSC whales. ADA price is down 5.16% at $0.468 in the last 24 hours following the recent market sell-off.
Ahead of the Vasil mainnet launch slated for Sept. 23, Cardano founder Charles Hoskinson says, “Cardano has never been stronger,” which in a way explains the current attention it is receiving from whales.
Despite the strength portrayed by macro factors – Cardano and other projects, Hoskinson attributes the current poor performance on the crypto market. He said, “A universal truth about crypto is that the markets have been detached from reality. Cardano has never been stronger and obviously many other projects are solid throughout the industry, yet you don’t see that reflected. It’s just a sea of red. Macro factors always win.”
He added, “The focus needs to always be the true purpose of the technology. The problems it solves. The people it helps. The previously impossible new experiences are enabled. Cardano is changing the world thanks to all of you and our best days are ahead of us.”
A Twitter user asked what utility Cardano is providing. “Hundreds of things, but I am most proud of my work in microfinance,” the Cardano founder replied. Hoskinson shared an article on Cardano’s IOG participation in an $11 million Pre-Series A equity-debt round conducted by Kenya-based embedded finance fintech, Pegesha.
Indigo announces Vasil integration
Indigo, a Cardano dApp and creator of assets and stablecoins on the Cardano network, has announced the successful completion of Vasil integration. It noted that the Cardano fee costs incurred by Indigo users have been significantly reduced by lowering the amount of script overhead for reading data from the blockchain.
Also, the throughput of Indigo transactions has been increased by reducing the transaction size (so that more transactions can fit in a single block) and the computational resources of most of IndiGo’s transactions.
Charles Hoskinson, in a recent tweet, touched on “the power of Vasil,” which is expected to increase throughput on the Cardano blockchain, thus aiding the deployment and development of several dApps.
