Logo
Cardano Ecosystem

U.Today

05/24/2023

·

258 views


Cardano Rockets to Top 10 in DEX Volume With Minswap

This comes on heels of record-breaking performance by Minswap, Cardano-native DEX

Cardano Rockets to Top 10 in DEX Volume With Minswap

Cardano, a popular blockchain platform, has made a remarkable leap to the top 10 decentralized exchanges by trading volume. BSC and Ethereum are in first and second places, respectively.

This surge has been largely driven by Minswap, a community-focused decentralized exchange (DEX) built natively on Cardano, which experienced a record-breaking day yesterday.

Minswap reportedly hit an all-time high in daily trading volume, with a staggering 30.30 million ADA ($12.54 million USD) changing hands.

This record volume performance cemented Cardano's position as the ninth largest chain in terms of DEX volume. This is no small feat given the highly competitive and dynamic DeFi landscape.


The data also revealed that Minswap commanded a remarkable 87.24% of the total volume among all Cardano DEXes.

This positions Minswap as the clear leader within the Cardano ecosystem and contributes significantly to Cardano's success on the larger DEX stage. It is worth noting that Minswap even made it into the top 20 DEXes across all blockchain chains, landing in 17th place.

The recent performance of Minswap and Cardano potentially hints at a bright future for Cardano's decentralized finance (DeFi) segment.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on U.Today

ORIGINAL SOURCE

https://u.today/cardano-rockets-to-top-1...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from U.Today

See more
Cardano Founder Eyes AI Integration, But There's a Catch
U.Today
Cardano Founder Eyes AI Integration, But There's a Catch

02/08/2025

·

309 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)