How Much More Еfficient is Cardano Аfter the Vasil Update?
According to a DEX, Cardano's Vasil update (ADA) has had a dramatic impact on network performance.
MuesliSwap, a DEX built on Cardano, claims the upgrade has reduced transaction sizes from 14.73 kB to 1.31 kB and gas fees from 1.44 ADA to 0.73 ADA.
Power of Vasil! 🔥
We are close to launching our Plutus v2 scripts. Here are some amazing benchmarks showing the upgrade (combining our Orderbook with Liquidity Pools)
Plutus v1 Transaction
Size: 14.73 kB
Fee: 1.44 $ADAPlutus v2 Transaction
Size: 1.31 kB
Fee: 0.73 $ADA— MuesliSwap Team🥛 (@MuesliSwapTeam) September 29, 2022
Cardano founder Charles Hoskinson commented on the figures quoted by the exchange.
“Ten times the space savings at half the cost. That’s what I call innovation.”
The Vasil hard fork was created to increase the scalability of the cryptocurrency network and went live on September 22.
The Cardano Input Output Hong Kong (IOHK) development team explained the following:
“The Vasil upgrade will bring significant improvements to Cardano’s performance and capabilities – from higher throughput through diffusion pipelining to a better developer experience with much improved scripting performance, efficiency and lower costs.”
READ MORE: Kraken now Supports Cardano (ADA) as Collateral
IOHK also notes that “Plutus V2 functionality” became available to developers on Cardano’s core network on September 27.
“DApps using the new Plutus V2 scripts and cost model are already seeing the power of the Vasil upgrade.
The new Plutus V2 features and enhancements enable dApp developers to create new and exciting experiences, and the diffuse pipeline processing unlocks the potential for greater network performance and capacity.”
At the time of writing, ADA is trading at around $0.43.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
