coinquora.com
According to data from Sanbase, the Cardano network emerged as the blockchain with the highest development activity in the last 30 days. Among ten other top coins, including Ethereum (ETH), Polkadot (DOT), and Solana (SOL), ADA had 362 activities, while ETH had 273. DOT and Kusama (KSM) came after ADA with 328 activities each.
While all the ranked coins have gone through significant depreciation in the last 30 days, only ADA had a positive trend. ETH and FLOW were the worst, with over 30% of the loss in value. Notably, with a market cap of over $16 billion, ADA sits among the top six cryptocurrencies with the largest market share.
As the Cardano blockchain expands over time, there are hard fork events to upgrade the network by implementing new improvements to the existing blockchain. The parent company of Cardano, Input Output Hong Kong (IOHK), will be launching a new developmental milestone in August this year called Vasil Hard Fork. The Vasil upgrade will strengthen Cardano’s capacity and performance.
In a recent announcement, IOHK said they’d released Cardano node 1.35.0, which will be the final candidate for the mainnet Vasil release. They also noted that they have completed all of its software’s core aspects and that testing on the Plutus v2 code has produced favorable results. There have been several hard fork events in the past, such as the Mary hard fork, which brought native assets and allowed developers to create custom tokens on Cardano.