MuesliSwap, first DEX on Cardano mainnet, approaching 50k Smart Contract interactions
Since its launch 3 weeks ago, MuesliSwap, the first DEX on Cardano mainnet has recently seen a stark increase in interactions on its platform, approaching 50k transactions with its backbone Smart Contract. This makes the MuesliSwap contract the most used contract in the Cardano network history.
Since its launch 3 weeks ago, MuesliSwap, the first DEX on Cardano mainnet has recently seen a stark increase in interactions on its platform, approaching 50k transactions with its backbone Smart Contract. This makes the MuesliSwap contract the most used contract in the Cardano network history.
The platform has tenfolded its followers on Twitter and is still seeing a big influx of new users every day. The growing user numbers have been accelerated by this week’s listing of $PAVIA, the native token of the metaverse project Pavia.io, next to popular WMT, the token behind World Mobile. MuesliSwap is currently the only market these tokens are traded on, and hence the place where the token’s market prices are determined.
👀 We had this on our roadmap for Q1 2022 but it appears the community have spoken. $PAVIA are being traded on @MuesliSwapTeam. This is liquidity from community members, when & wherever we add liquidity we will respect what value the markets have decided. #Cardano #Metaverse https://t.co/c1bVNG1YQo
— Pavia.io (@Pavia_io) December 18, 2021
https://twitter.com/Pavia_io/status/1472321116291190786
Chris, the founder of MuesliSwap comments, "We are happy to see that everything is working so smoothly. Orders are filled within minutes. Everyone who has played around with placing limit orders and competing against other bidders and sellers tells us how addictive and fun the order book exchange is. We see many positive reviews on Twitter and Reddit which greatly motivates the entire team to work even harder on improving the platform.“
In order to give users the option to check out upcoming features of the platform, they have also released a development build that is running on testnet. This allows users to see up and coming features and experiment with them in the wild.
It is also a good starting point for those that want to experiment with the platform and get used to the innovative decentralized order book model.
"Essentially, the order book model is what makes this platform so strong. People place buy and sell orders for specific tokens and independent matchmakers connect them when prices match. As every placed order is a single UTXO, we make very natural use of the powerful transaction model Cardano offers. Further, all interactions with the platform are directly aimed towards our Smart Contract, ensuring that user funds are safe“, comments Nikolas, the lead Smart Contract developer.
The team is currently working on expanding the list of tokens that can be traded via the platform. They further announced featuring a Launchpad, an NFT market place and stake pools for the utility token MILK.
Contact:
Tim — Head of Marketing, MuesliSwap
E-mail: [email protected]
Twitter: https://twitter.com/MuesliSwapTeam
Website: https://ada.muesliswap.com
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