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Charles Hoskinson: A Large Wave of Projects Is Coming to Cardano after Vasil Hardfork In June

Charles Hoskinson, the creator of Cardano, the largest proof-of-stake blockchain, has hinted at a wave of projects that will flock into the Cardano network once Vasil hardfork is activated in June 2022.

Hoskinson said this in reaction to the update about the massive growth of projects being built on the Cardano blockchain.

A Large Wave of Projects Is Coming To Cardano

In a LinkedIn post, Tim Harrison, the Marketing and Communications Director at Input Output Global, stated that as of 11th March, a total of 517 projects are building on the Cardano blockchain.

Read Also: Charles Hoskinson: JPMorgan Does Not Own Any Critical Cardano Infrastructure

Reacting to the steady increase of projects building on Cardano, as shared on Twitter by Dr. Schweta, Hoskinson said many projects will emerge after the implementation of Vasil hardfork in June. This indicates that what is seen now is small compared to what is preparing to emerge in the Cardano ecosystem.

Charles Hoskinson wrote, “Moving the chains. A large wave will come after June when the Vasil hardfork happens.”

As shown in the chart shared by Dr. Schweta, NFT collections account for the largest share of the projects building on Cardano with 34.7%, followed by decentralized exchanges (DEXs) with 6.2%.

What Is Cardano’s Vasil Hardfork?

The Vasil hardfork, named after Hungarian mathematician Vasil Daboy, who was a Cardano community member and had a notable impact on Hoskinson’s work, is scheduled to go live in June.

According to Cardano’s creator, Vasil hardfork will apply many of the Plutus adjustments proposed by parties such as the CDA.

Read Also: Here’s Why Cardano Creator Says Ethereum Is Doing Impressive Things

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Once this hardfork goes live, vital projects like light wallets and other decentralized applications can proceed.

Cardano’s total value locked (TVL), has also been rapidly growing. The price of Cardano (ADA) is expected to appreciate in the market as more decentralized applications and protocols are released on the platform.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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