Aliens TLDR

In the early hours of 14 May, Cardano founder Charles Hoskinson informed the community that the Vasil Hard Fork is on schedule.

With the Vasil Hard Fork, significant updates will be deployed on the Cardano blockchain and its smart contract platform, Plutus.

Speaking about the Vasil Hard Fork in its Mid-month Development Update, IOHK noted that it is preparing for a closed public testing phase for the Vasil Hard Fork network.

As the cryptocurrency market begins to “heal,” thanks to the many upcoming Cardano updates, ADA’s recovery is expected to be fast-tracked.

Recording a transaction volume of 1.19 billion on 14 May, this represented a 38% decline from the 1.94 billion recorded on 13 May. Despite no significant difference in market capitalization, data from Santiment underlined an increase in Whale Activity following the update.