Cardano (ADA) has seen an all-time high in social activity following the successful completion of the network’s Vasil hard fork, which brought faster block creation and upgraded Plutus smart contracts for increased efficiency while allowing decentralized applications to deploy and run at lower costs.
Cardano’s daily social mentions reached 52,470, according to crypto social intelligence company LunarCrush, while the cryptocurrency’s overall social activity achieved a new all-time high after the Vasil update.
The hard fork significantly improves and enhances ADA’s capabilities, according to Tim Harison, VP of Community & Ecosystem at Input Output Global (IOG), the blockchain company behind Cardano’s R&D, with new Plutus v2 features and enhancements allowing dApp developers to create novel and exciting experiences and diffusion pipelining enabling greater throughput and network capacity.
Cardano-based financial products have received $14.1 million in the capital so far this year. At the time of writing, ADA is trading at $0.4616.
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