Cardano ADA LeapFrogs XRP to Become Sixth Largest Crypto by Market Cap

Cardano (ADA) flips XRP to become the seventh-most valuable cryptocurrency by market capitalization. The price of ADA soared 5.4% in 24 hours, about a week after Cardano founder Charles Hoskinson announced that the Vasil hard fork would take place on Sep. 22, 2022. Speaking on a live stream on Aug. 26, 2022, Hoskinson said the release date would depend on the readiness of exchanges. However, in the past, exchanges followed through expediently after a hard fork announcement. Approximately 80% of the exchanges holding ADA liquidity are ready for the upgrade. The top ten decentralized apps by total value locked have already upgraded to version 1.35.3 of the Cardano Vasil code, which is the latest version.