DappRadar Adds Support For The Cardano Blockchain
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RADAR Native ERC-20 Token
The RADAR native ERC-20 token, which DappRadar developed to reward the current community, was announced in December. Users and partners received 10% of their initial supply through an airdrop. Users find innovative decentralized applications that could improve the shop rewards with the token. Notably, unlike most other cryptocurrency ventures, the token had no pre-sale. CEO and co-founder of DappRadar Skirmantas Januskas stated that the company sought to compensate users appropriately.
DappRadar currently monitors more than 10,000 DApps using 30 different protocols. More than a million people use the biggest app store. After launching smart contracts about a year ago, Cardano hasn't yet developed its Uniswap-like killer app. Cardano-based decentralized finance (DeFi) applications have $88.46 million in total value locked, according to data released by DefiLlama. That merely places it in the 29th position (behind blockchain projects like EOS, Celo, and Thorchain). With $46.44 million in total value locked, Minswap is the most well-known app on Cardano.
Cardano (ADA) Vasil Upgrade
As Cryptoknowmics reported, the Vasil hard fork upgrade for the Cardano blockchain will now happen on its leading network (mainnet) on September 22. The Vasil upgrade is the fifth in line for the layer-1 scaling solution. The programming language will be upgraded as part of the Vasil Mainnet upgrade, leading to increased scalability and decreased transaction costs.
