Cardano blockchain insights show rather uplifting figures after Vasil hard fork
Two weeks after the Vasil hard fork, the biggest event in Cardano’s life so far, it can be argued that the update has had a positive impact on blockchain performance, and detailed insights confirm this.
A glance through the overview section of the Cardano Fans Stake Pool page reveals a steady increase in the number of ADA wallets and a slightly lagging increase in the number of delegators who have put their ADAs on staking.
One can also note the increase in the number of transactions, which usually happened before the Vasil hard fork. However, a special step up in the number of Cardano transactions being processed was made on September 25, and so far the momentum continues.
Moreover, Cardano has approached the threshold of including more payments in a single transaction, which was also noted recently by Cardano’s founder, Charles Hoskinson.
Finally, there has been a qualitative and quantitative change with Cardano’s smart contract platform, Plutus. According to the portal, 100 new smart contracts have been implemented on the platform since the introduction of the Vasil hard fork. The total number of Plutus based smart contracts now stands at 3,392.
Less pleasurable effects
However, there are also negative changes that have occurred since Sept. 22. Cardano’s total value locked (TVL), for example, has significantly tapered. The cumulative outflow in TVL on various platforms after the Vasil hard fork attack was $3 million. We can also see a significant drop in ADA trading volumes of almost $1 billion, which generally describes the attitude of anxious investors in the turbulent crypto market.
