The Cardano (ADA) community is buzzing with excitement as the highly anticipated Chang hard fork is set to launch soon. Intersect, a member-based organization for the Cardano ecosystem, has provided detailed updates on the upcoming upgrade. The organization has revealed key dates for the Chang hard fork launch, indicating that preparations are almost complete. The Chang hard fork group recently conducted a meeting to assess the progress of the project and gather feedback from the community. They have proposed Tuesday, August 27 as the target date for “the Chang #1 hard fork,” but the final decision will be made on Friday, August 23.
Intersect disclosed that the Chang hard fork group has confirmed the readiness of key components and tooling for the upgrade. This includes the Stake Pool Operator (SPO), exchange liquidity, and updates from Decentralized Applications (DApps). The team has expressed satisfaction with the progress of these components, stating that they have exceeded expectations. The formal process for initiating the hard fork will commence with a four-day lead time to complete all necessary governance actions and approvals.
On August 21, Cardano’s native token, ADA, experienced a significant increase in trading volume, jumping over 54% according to Coinglass. This surge in trading activity and investor interest could be an indication of a shift in Cardano’s price dynamics. While ADA’s volume had previously risen by 54%, the current trading volume has seen a 36.21% increase, reaching around $428.88 million. Additionally, ADA’s open interest has also witnessed a slight uptick of 4.66%.
The positive changes in Cardano’s metrics, including the upcoming Chang upgrade, may be contributing to the recent price surge in the last 24 hours. The cryptocurrency’s price had been in a consolidation phase for months, but with the surge in trading volume and overall interest, ADA could be signaling an end to its stagnation. The community is eagerly anticipating the Chang hard fork launch and the potential impact it could have on Cardano’s ecosystem.
The Cardano community is on the edge of their seats as they await the launch of the Chang hard fork. The upcoming upgrade has been met with positive feedback and anticipation, with key dates already set for the event. With the surge in trading volume and interest in ADA, coupled with the readiness of key components for the upgrade, the future looks bright for Cardano and its ecosystem. Keep an eye on August 27 for potential developments and exciting advancements in the Cardano network.
Leave a Reply