Cardano saw its highest network traffic in months as transactions jump CardanoADA CardanoCommunity ADA Blockchain
Cardano ranked ahead of Immutable X in the last 24 hours, with $1.2 million traded in NFTs, trailing only Ethereum and Solana.
The Vasil update was triggered on the Cardano mainnet on Sept. 22, while full capabilities were deployed on Sept. 27. The impact of the Vasil update is seen as Cardano dApps record significant increases in user activity. As reported byAlso, the Cardano multi-pool decentralized exchange Minswap saw its highest volume in the last six months at over three million daily.However, the DeFi ecosystem as seen in the TVL remains unimpacted.
Sooraj, an analyst at Orbis, predicts the rise of Cardano DeFi:"The NFT volume on Cardano is amazing. But wait for the DeFi stats, when the real behemoths of DeFi protocols go live on Cardano. This winter may be bad for the markets, but I have a feeling that this winter we will see the rise of DeFi in Cardano."
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