Cardano founder “set” the time when the wave of dApps exploded on ADA – Can it be believed?

Cardano founder “set” the time when the wave of dApps exploded on ADA – Can it be believed?


2022-03-16 10:14:21

Cardano founder Charles Hoskinson has just made a surprising statement to the ADA community about the dApp wave that is about to explode on the platform.

Cardano founder “sets” the time when the wave of dApps will explode on ADA – Can it be believed?

The latest statistics from Defi Llama show that the total value locked (TVL) on Cardano’s DeFi protocols has broken the previous record of $180 million to hit a new high at $190.08 million at the time. post performance score.

Total Value Locked (TVL) on Cardano.  Source: Defi Llama
Total Value Locked (TVL) on Cardano. Source: Defi Llama

Responding to the rapid growth of the ADA ecosystem, founder Charles Hoskinson stated that this is just the beginning. He revealed that Cardano is about to have more apps launching on the network right now, especially before the Vasil hard fork in June, leading to TVL higher than ever and we will see a The “big wave” of dApps came from Cardano.

Hoskinson’s comments came in response to a post from Dr Shweta, owner and operator of KiBloc StakePools (KIBC1 & KIBC2) and a “true” ADA fan as he cited more 517 projects are currently being built on Cardano.

“A big wave will come to ADA after June when the Vasil hard fork lands.”

“What most people don’t understand is that many Cardano dApps are waiting for the Vasil hard fork to launch to benefit from mining. So it looks like we still haven’t seen anything on TVL right now.”

Named after the late Bulgarian mathematician and Cardano Ambassador, Vasil Dabov, the Vasil hard fork is slated to be activated in June of this year, while another upgrade is scheduled to take place in October. Through Vasil, IOHK plans to introduce a wide range of enhancements such as Pipelining, new Plutus CIPs, UTXO and Hydra disk storage. The company hopes these features will improve Cardano’s throughput and optimize the system to match current needs.

In addition, to support DeFi innovation, a layer 2 solution featuring the first ZK-Rollups technology has appeared in the Cardano ecosystem, called Orbis. According to the published document, Orbis will address scalability issues and increase network performance and ADA developer experience. Furthermore, the platform has also seen the development of several prominent NFT and metaverse projects in recent times, making up a sizable portion of the 500+ projects currently on Cardano.

Overall, the latest move from founder Charles Hoskinson is somewhat of a surprise to the crypto community. Because, in June 2020, he once announced that a year later, ADA will own “hundreds of assets, thousands of dApps” operated on the blockchain. However, in reality, by June 2021, Cardano has completely failed and received a lot of criticism since launching the Alonzo mainnet without being able to receive any dApps for the next 10 weeks.

Now, also the “legendary” June, ahead is the hard fork Vasil and Charles Hoskinson continue to make eloquent affirmations about the potential of TVL and the wave of dApps. However, with the current progress of development, it is expected that the results will be different this time from Cardano.

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