Eight Leading Exchanges Upgrade Their Systems Ahead Of Cardano’s Vasil Hard Fork

09/08/2022

2 minutes read

2022.09.08 01:50

The much anticipated Vasil hard fork for the Cardano chain is closer than ever, with exchanges, decentralized applications (dApps), and stake pool operators (SPOs) all meeting important metrics for the launch.

Eight Leading Exchanges Signal Readiness for Vasil

IOHK, the development team behind the Cardano network, has announced that eight leading crypto exchanges have upgraded their architecture, and are now ready for the long-awaited Vasil hard fork.

According to IOHK, three of the twelve exchanges with the highest Cardano (ADA) liquidity are prepared for the upgrade. Exchanges to have upgraded their systems include, Gate.io, MEXC, Bitrue, OKx, Whitebit, BtcTurk, AscendEX, and Revuto.

In order for the hard fork to be executed, 25 exchanges must have upgraded systems. IOHK set the bar at 25 crypto exchanges as a means to represent 80% of ADA’s liquidity. IOHK tweeted:

As the #Cardano ecosystem continues to prepare for the most ambitious upgrade to date, we’re committed to keeping you informed on the latest statusIn the last 48h the following exchanges & projects confirmed they were #ReadyForVasil:@gate_io@WhiteBit@btcturk@okx@get_revuto

— Input Output (@InputOutputHK) September 6, 2022

Stake Pool (NASDAQ:POOL) Operators Upgrade Ahead of Vasil Hard Fork

IOHK also provided updates on the other metrics being used to measure the Cardano ecosystem’s readiness for the hard fork. While it requires 75% of SPOs to upgrade, IOHK reported that 94% of its mainnet blocks are being created by updated SPOs.

Similarly, the top 10 dApps by total value locked need to be running on the pre-production chain, and IOHK reports that 5 of these dApps are now doing so.

On the Flipside