NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Cardano Releases New Update On Testnet, How Will The Price Respond?

Sarah
Sarah
2 years ago
2 mins read
Cardano Releases New Update On Testnet, How Will The Price Respond?

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano is gradually pushing through most of its network’s building phases. The Basho phase, the fourth of the five stages of Cardano’s developing plans, is progressing.

The first three phases were Goguen, Byron, and Shelley, which provide smart contracts, the foundation, and decentralization, respectively. Finally, Vasil, the primary feature of Basho, is launched on Cardano’s testnet with a focus on scalability.

In recent news, the Cardano network has completed the hard fork of Vasil on its testnet. This latest successful move prepares the network for the upcoming upgrade on the mainnet. The tech firm Input-Output Global (IOG), handling the project, announced on July 3.

With the progressive movement, the network is expected to experience more scalability and excellent performance for all transactions. Also, the tech company is inviting project developers, stake pool operators, and exchanges to test run on the testnet.

Related Reading | Can This Bitcoin Ratio Have Hints For A Bottom?

They could roll out their projects to test the features of the Vasil. This would enable the team to timely maintain all necessary assessments and adjustment the final upgrade on the mainnet.

The IOG team had planned for the Vasil upgrade on the Cardano mainnet to be on June 29. But it later postponed the date of the event. The team explained that fixing all the prevailing unharmful bugs needed more time.

According to the statement from IOG, the network’s community is carried along in the project through its proposal. However, it would take the confirmed readiness of the community for the final launch of the upgrade on the Cardano mainnet. The tech firm estimated one month for the launch to take place.

Cardano Price Reacts Despite Vasil Upgrade

Launching Vasil on the mainnet is expected to introduce several scalability features on the network. These include enhanced transaction efficiency and performance and increased block creation speed or throughput. In addition, the upgrade would enable the interoperability of the network with several blockchains and networks. Also, there would be a reduction in the overall network cost for all users.

Cardano has passed through a series of developmental stages. Smart contract integration stands as its last principal development stage. This was closely followed by decentralized applications as well as DeFi protocols.

Cardano has been advancing gradually with lots of activities from developing irrespective of the numerous projects within the ecosystem.

Related Reading | Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over?

Vasil upgrade is a great developmental project on the Cardano network. However, its news of launch hasn’t made a significant impact on the native token ADA. The price of the coin is around $0.44 at the press time. This shows about a 0.4% drop within the last 24 hours.

Cardano Releases New Update On Testnet, How Will The Price Respond?
Cardano price reacted positively before taking a downturn Source: ADAUSDT Tradingview

Data from DeFi Llama revealed that the total locked value (TVL) for Cardano is $115.85 million. The most significant contributor is WingRiders, a DeFi exchange that holds up to $49.7 million.

Featured Image From Pexels, and chart from Pixabay
Tweet123Share196ShareSend
Sarah
Sarah

Sarah

Sarah is a journalist who continues to share her passion for writing through her writing in DeFi, FinTech, and Cybersecurity.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano price

Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47

The Cardano price performance has been nothing short of shambolic since the start of May, falling from the lofty heights...

Opeyemi Sule 5 days ago
World Liberty Financial

World Liberty Financial Eyes BNB Ecosystem For USD1 Stablecoin Expansion

World Liberty Financial (WLFI), the decentralized finance (DeFi) platform backed by the Trump family, is embarking on a new venture...

Ronaldo Marquez 4 days ago
Cardano (ADA) Bears Active

Cardano (ADA) Bears Active — Token at Risk of Another Leg Down

Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above...

Aayush Jindal 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked – Will Price Follow?

Ash Tiwari 5 hours ago
Cardano (ADA) Sideways

Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Aayush Jindal 3 days ago
Cardano

Can Cardano Lead In Bitcoin DeFi? Founder Says It Needs A Central Voice First

Christian Encila 3 days ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    9 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    15 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    16 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    16 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.