Cardano DEX goes live on the Mainnet

The decentralized exchange Minswap announced earlier today that it had gone live on the Cardano mainnet.

Minswap is finally live

Multi-pool decentralized exchange Minswap announced earlier today that it was going live on the Cardano mainnet.

The users can now deposit liquidity in exchange for rewards. In addition, they can now trade coins in a decentralized way. Yield Farming will be available on the exchange starting next week, March 14.

Minswap has completed its audit in collaboration with concept-to-launch software innovation lab Tweag.

Minswap went live on the Cardano testnet in September. This was prior to the launch of smart contract features. However, the debut was controversial due to the “concurrency” issue that prevents swaps from going through. After being confronted with the backlash, Minswap said it was working to resolve the issue.

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Largest Cardano DEX

According to data from the crypto analytics platform DefiLlama Minswap currently holds $48.87 million in value.

SundaeSwap, which went live on the mainnet in late January, is currently valued at $121.75 million. This makes it the largest Cardano DEX. At only $172.46 million in value, Cardano is nothing compared to other “Ethereum killers” like Solana and Avalanche.