Cardano Secures DappRadar Support as Price Struggles
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“Cardano Dapp developers should submit only bech32 format contracts and treasury accounts where they receive their tokens/fees.”
The dApp store currently features over one million users and tracks north of 10,000 decentralized applications across 30 blockchains. That said, DappRadar has yet to launch an all-encompassing application as seen with the likes of Uniswap.
Since it launched its smart contract compatibility update, Cardano has recorded a notable number of dApps projects launching on its network. Already, the total value locked (TVL) in dApps on the Cardano blockchain has exceeded $88.5 million. At the moment, Minswap is the largest dApp project on the blockchain, with $46.4 million in TVL.
In other news, developers and investors on the ADA blockchain are excited, following the confirmation of a launch date for the Vasil hard fork. Commenting on the development, Cardano’s host company Input Output Global noted:
“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.”
Key Cardano Levels to Watch — September 7
Despite the excitement around the launch of the Vasil hard fork, Cardano remains in a repressed mood after suffering a crash from the $0.500 mark yesterday. The cryptocurrency managed to find its base around $0.460 and now attempts a return to the $0.500 area.
Lamenting the state of ADA price, CEO Charles Hoskinson took to Twitter to note that there was a great disconnect from reality about crypto. The Cardano boss noted that the project has never been stronger, along with other notable developments in the broader market, yet the price keeps moving at a snail’s pace.
Meanwhile, our resistance levels are $0.500, $0.520, and $0.540, and our support levels are $0.460, $0.440, and $0.420.
Total Market Capitalization: $955.6 billion
Cardano Market Capitalization: $16 billion
Cardano Dominance: 1.68%
Market Rank: #8
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