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Incoming rally? Cardano (ADA) added to biggest DApp store worldwide

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07
Sep
  • DappRadar has asked Cardano developers to submit their smart contracts on the platform.
  • This will bring greater utility to the smart contracts and DeFi features on the Cardano blockchain.

On Monday, September 5, the world’s largest decentralized application (dApps) store DappRadar announced its support for the popular Proof-of-Stake blockchain network Cardano.

Developers who have been working on the Cardano blockchain network have been asked to submit their smart contracts. “Cardano Dapp developers should submit only bech32 format contracts and treasury accounts where they receive their tokens/fees,” it noted.

The world’s largest dApp store currently hosts more than one million users and tracks more than 10,000 dApps across 30 protocols. It’s been almost a year since Cardano launched its smart contract platform. However, it has yet to come up with its own killer app of the likes of Uniswap.

Last December 2021, DappRadar announced its native ERC-20 token dubbed RADAR. The goal behind creating this native token was to reward the existing community. DappRadar had airdropped ten percent of its initial supply to users and partners. The RADAR token would serve as a reward to users for discovering new decentralized applications for the DappRadar store.

Since the launch of its smart contracts, Cardano is slowly making a progress with hosting DeFi applications on the blockchain. The total value locked of decentralized finance (DeFi) applications on the Cardano blockchain has crossed $88.46 million. Minswap currently remains the biggest app on the Cardano blockchain with $46.44 million in total value locked.

Cardano’s hardfork coming this month

Cardano has finally unveiled the date for its much-awaited Vasil hardfork scheduled to happen on September 22. Named after Bulgarian mathematician Vasil Dabov, the upgrade will improve the Cardano blockchain network capacity while lowering transaction costs.

A week after the Ethereum Merge upgrade, Cardano’s Vasil hardfork will also go live this month. As we reported yesterday, four crypto exchanges including Gate.io, BtcTurk, OKx, and WhiteBIT have shown their readiness for the Cardano Vasil upgrade on September 22.

Cardno’s parent group Input Output Global said that they have successfully completed the testing of all core components along with the community readiness. The announcement reads:

Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we, along can today announce September 22nd for the #Vasil upgrade on the #Cardano mainnet.

The Vasil hardfork on the Cardano blockchain will also allow developers to create efficient and powerful blockchain-based applications. While the exchanges have been preparing for the Vasil upgrade, users don’t need to take any action on their part.

“Thanks to #Cardano’s unique hard fork combinator, we anticipate a seamless technical transition, with no disruption for its users or a break in block production,” noted IOG. 

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