The new Coin Dex from space built for Cardano

thumbnail_Astro_Swap_c202bc9d1e.jfif

Astro_Swap_c202bc9d1e.jfif

thumbnail_Astro_Swap_a974ccbb9a.jpg

Astro_Swap_a974ccbb9a.jpg

AstroSwap

<p class="available-content "></p><p class="body markup" dir="auto"><img src="/site/uploads/2022/Feb/17/astro-swapz.jpg" alt=""><br></p><p>Trade&nbsp;<strong>ANY Cardano Asset</strong>&nbsp;at Warp Speed With Swapz and AstroSwap!</p><p>A little while ago we had announced a&nbsp;<a href="https://swapz.substack.com/p/astroswap-and-swapz-partnership-announcement?utm_campaign=post&amp;utm_medium=web" rel="">strategic partnership with AstroSwap</a>. It’s time to revisit that and share some earth-shattering news.</p><p>SundaeSwap recently went live on Cardano. However,&nbsp;<a href="https://cointelegraph.com/news/sundaeswap-launches-on-cardano-but-users-report-failing-transactions" rel="">there were teething troubles from the get-go</a>, with users having to&nbsp;<em>wait for days for orders to execute.&nbsp;</em>Reasons given were network congestion on Cardano itself, with hopes for improvement as the network upgrades roll in.</p><p>Worry not, Cardano Cryptonauts! Swapz and AstroSwap have executed on their initial partnership promise to solve this problem in a novel way, creating history for the entire crypto ecosystem in the process.</p><p>There are multiple&nbsp;<em>firsts&nbsp;</em>with this announcement, so let’s dive right in:</p><h1>1. Swapz is now the Official Bridge Partner for AstroSwap</h1><p><a href="https://www.astroswap.app/" rel="">AstroSwap</a>&nbsp;is the new Coin Dex from space built for Cardano, and powered by WagyuSwap, already our partners with Cross-Chain Swapz available off their dashboard itself.</p><h1>2. Swapz has created the 1st Cardano to Velas Bridge in the World</h1><p>Swapz is the premier protocol for&nbsp;<em><strong>cross-chain everything</strong>.</em></p><p>To this end, we see a huge opportunity in the massive liquidity already present on Cardano, and and even bigger opportunity in marrying this liquidity to Velas, the fastest chain in the world.</p><p>Cardano accepts&nbsp;<em>7</em>&nbsp;transactions per second.</p><p>Velas accepts&nbsp;<strong>50k</strong>&nbsp;transactions per second with fast finality.</p><p>That’s what you call a planetary shift in speed and efficiency.</p><p>In short, the opportunity is simple: AstroSwap is powered by WagyuSwap, who are already partners with Swapz with our cross-chain protocol directly usable off the WagyuSwap dashboard.</p><p>In a similar move,&nbsp;<strong>Swapz has created the first Cardano to Velas bridge in the world, effectively making Velas a Layer 2 for Cardano.</strong>&nbsp;The Swapz Cardano bridge supports Shelley era Cardano, and allows users to swap assets onto Velas, and utilise its blazing fast speeds for transacting.</p><p>This means you can swap Cardano ADA to ADA on Velas, and transact with Cardano assets on AstroSwap, with&nbsp;<em>vastly faster finality,&nbsp;</em>and a truly space age trading experience.(Please note that while swapping, the transaction on Cardano itself can take time because of network congestion—this is outside our control. But&nbsp;<em>once&nbsp;</em>bridged onto Velas—you’re on an interstellar trading highway!)</p><p>And there’s more. WAY more.</p><h1>3. The Swapz Cardano-Velas Bridge is Multicoin by default</h1><p>What does this mean?</p><p>Simply that the bridge we have created is not limited to ADA alone.&nbsp;<em><strong>ANY Cardano asset&nbsp;</strong></em><strong>at all</strong>&nbsp;can be bridged over to Velas chain, and hence, transactions can be processed using Velas as an effective Layer-2 for Cardano.</p><p>Eventually all High Volume Cardano tokens will be added on the Swapz interface, making Swapz the hub of bringing these assets onto an EVM compatible chain with much faster finality and greater scalability.</p><p>Now comes the truly amazing part, the Swapz secret sauce that makes this experience the best in the world:</p><h1>4. Any Cardano asset bridged to Velas using the Swapz Protocol is INSTANTLY MINTED 1:1 on Velas, meaning NO LIQUIDITY IS NEEDED</h1><p>You read that right!</p><p>Imagine&nbsp;<em>any trade at all you want to make on Cardano.</em></p><p>Simply go over to AstroSwap, and use the Swapz Protocol to bridge assets onto Velas chain.</p><p>They are instantly minted on Velas, backed 1:1 with Cardano assets, and the trade itself takes place on Velas as a layer-2 over Cardano.</p><p>Liquidity has been a long-term concern in the entire space, and with V2 fast approaching, we’re happy to share that this is an issue we’ve&nbsp;<em>already solved&nbsp;</em>for our Cardano bridge.</p><p>The trading experience on AstroSwap, powered by Swapz technology, is going to be truly&nbsp;<em>out of this world.</em></p><h1>Is there more? YES!</h1><p>So far Cardano users have had to use a separate wallet such as Yoroi for their Cardano assets, as MetaMask does not work with them. There are certain restrictions with these wallets, for example most of them do not have browser extensions at all.</p><p>Swapz fixes this.</p><p>How?</p><p>Velas can simply be added as a new network within MetaMask, and users can keep their assets bridged from Cardano to Velas within MetaMask itself!</p><p><strong>You can use MetaMask for Cardano assets once they’re bridged onto Velas.</strong>&nbsp;Talk about space age.</p><p>This is&nbsp;<em>also&nbsp;</em>not all. We have more news still.</p><h1>Swapz supports Nami Wallet (MetaMask for Cardano)</h1><p>Swapz supports&nbsp;<a href="https://namiwallet.io/" rel="">Nami Wallet Extension</a>, which is basically MetaMask for Cardano.</p><ol><li><p>Nami already works with Brave, Chrome as well as Microsoft Edge.</p></li><li><p>Nami also allows separate accounts (like MetaMask) within the same interface, allowing delegation to separate pools all off off one seed phrase.</p></li></ol><p>With Swapz the method has always been to allow users to get to the right trade,&nbsp;<em>fast.&nbsp;</em>We are about&nbsp;<strong>user experience</strong>&nbsp;first, and everything else second.</p><p>That’s what we’ve done by supporting Nami and finding a way for users to use MetaMask for their Cardano assets (once moved onto Velas).</p><h1>We Already Have More Coming</h1><p>Had Enough? We have not!</p><p>Advanced users will be able to use Swapz Bridge to transfer tokens directly without using the UI by sending them on specific cardano addresses.</p><p>Murmurs about Swapz V2 have already been in the air, and with launching the first bridge between Cardano and Velas, Swapz takes one more step towards becoming&nbsp;<em>the Cross-Chain Everything Protocol.</em></p><p>With&nbsp;<a href="https://www.astroswap.app/" rel="">AstroSwap going live in under 24 hours</a>, a new era of space-age trading begins, powered by Swapz.</p><p>Swap more, Win more. Simple.</p><p></p><hr><p></p><h3>About Swapz</h3><p><a href="https://www.swapz.app/" rel="">Swapz</a>&nbsp;is&nbsp;<em>the Cross-Chain Everything Protocol:&nbsp;</em>a cross-chain stablecoin swapping platform that connects all EVM compatible blockchains, effectively uniting DeFi with Web 3.0. When traders and investors see a profitable opportunity on a different chain, Swapz lets them quickly and securely swap their stablecoins into that network to make that winning trade.</p><p><strong>Official Swapz</strong>:&nbsp;<a href="https://t.me/SwapzAnn/38" rel="">https://t.me/SwapzAnn/38</a></p><h3>About AstroSwap</h3><p><a href="https://www.astroswap.app/" rel="">AstroSwap</a>&nbsp;will set a new standard for decentralized trading with lightning-fast transactions, automatic liquidity locking, and ultra high staking and farming yields. Prepare for the lowest fees in the universe as you trade on AstroSwap: the future home of Cardano’s top projects.</p><p><strong>Official AstroSwap:</strong>&nbsp;<a href="https://t.me/AstroSwapOfficial/10478" rel="">https://t.me/AstroSwapOfficial/10478</a></p><p></p><p></p><div></div><div class="post-end-cta-full"><div></div></div>

Cardano Feed

Swapz and AstroSwap Create Cardano History: A Space Age Update

Guide: Getting Started with the AstroSwap DEX

<div>
									
										
									<p><img width="32" height="32" alt="" data-src="https://www.cryptollic.com/jolsopid/2022/01/cropped-cropped-cropped-favicon-32x32-1.png" src="https://www.cryptollic.com/jolsopid/2022/01/cropped-cropped-cropped-favicon-32x32-1.png"></p>
			</div><div>
				<p>AstroSwap, an interoperable and superbly designed DEX just launched today, January 28, 2022. In a press release on January 20, the highly anticipated activation precedes a period of unprecedented performance of its native currency, ASTRO.</p>
 <p>ASTRO Roared 210X in Early November 2021</p>
 <p>According to trackers, ASTRO has been defying gravity since listing, outperforming BTC and ETH by several folds. After completing its initial decentralized exchange offering (IDO) on ADApad, the token soared 210X within the first few days of trading.</p>
 <p>ASTRO maintains an upward trajectory, outperforming other digital assets despite a suppressed cryptocurrency market. By the close of the first week of January, the ASTRO token was up 20 percent, skyrocketing as the broader crypto market sank roughly four percent.</p>
 <p>For its stellar performance, ASTRO received a bullish outlook from InvestorsObserver after analyzing its price movement and trading volumes in the first five days of the year.</p>
 <p>AstroSwap Features</p>
 <p>The excitement surrounding the AstroSwap launch on the mainnet is palpable. Most importantly, investors and the wider DeFi community are ready to tap on the goodies presented on the table. The interoperable DEX is set to take DeFi by storm, offering irresistible trading opportunities to global users at the best rates possible.</p>
 <p>The DEX would allow for the fast, low-fee swapping of supported tokens on the launching platform as traders draw maximum benefit from a technology expertly developed by the WagyuSwap team.</p>
 <p>On the table, AstroSwap will offer ultrahigh APYs for participants. The DEX developers have subsequently allocated 45 percent of the 10 billion ASTRO to staking reserves. Other notable features besides yield farming in the AstroSwap DEX include:</p>
 <ul><li>Interoperability bridges. From these links, users can send tokens cheaply and instantaneously.</li>
<li>The exchange plans to integrate MetaMask. The web browser wallet is adaptable and blockchain-agnostic. It can link to most EVM-compatible blockchains like the Binance Smart Chain (BSC), Harmony, and more. By August 2021, MetaMask had over 10 million active users making it the world&rsquo;s largest non-custodial wallet.</li>
<li>AstroSwap supports Cardano (ADA) and Velas (VLX). These will be base tokens required for paying on-chain fees.</li>
<li>Auto-liquidity locking and a lottery system set for launch in Q1 2022.</li>
</ul><p>AstroSwap&rsquo;s Host Partnership with Ferrari</p>
 <p>These features are only possible because AstroSwap is launching from the highly scalable and low-fee Velas blockchain. The network boasts of transaction processing speeds exceeding 75k, making it one of the fastest in the sphere.</p>
 <p>Especially with technical support from BlueZilla, AstroSwap has a symbiotic partnership with Velas and WagyuSwap, which makes the DEX outstanding, and would easily grow to be the largest in the sphere.</p>
 <p>Velas, which hosts AstroSwap, has already partnered with SpaceChain and sent a light node to space on SpaceX&rsquo;s Falcon 9 rocket. The goal is to boost the chain&rsquo;s security and increase quality standards.</p>
 <p>At the same time, they partnered with Ferrari to see its brand plastered on Formula 1 giant racing cars. This will significantly increase their brand exposure, benefiting their ecosystem and, by extension, ASTRO holders.</p>
 <p>Branching out to Cardano</p>
 <p>Given the interoperability of the Velas blockchain from where AstroSwap deploys, the DEX plans to branch out to Cardano to provide cutting-edge DeFi products. The DEX will launch on Cardano using the Swapz bridge allowing the exchange to operate as a layer-2 without losing its EVM compatibility and multi-coin support.</p>
 <p>Cardano has made a name for itself as the most innovative blockchain globally. Despite Cardano&rsquo;s offering, the launch of what was billed as the first DEX was messy and characterized by delayed transactions stretching hours. AstroSwap&rsquo;s launch solves these issues.</p>
 <p>Later, AstroSwap will also launch on Solana, opening up more opportunities for traders and ASTRO holders, and in the meantime, AstroSwap will refund all transaction fees users incur in VLX, sent straight back to holders. Neat.</p>
 <p>Why AstroSwap is a Cut Above the Rest</p>
 <p>For what AstroSwap plans to offer, it is clear why its mainnet launch is dominating DeFi. AstroSwap has a vibrant community, is supported by BlueZilla, and its developers are open, constantly engaging the community through AMAs. They also hold regular competitions where users stand to win ASTRO prizes. All this makes ASTRO a strong buy, explaining the confidence amongst holders.</p> <p>Real time live cryptocurrency news. Get the best news flash on Bitcoin, altcoins daily. Use <a href="https://www.binance.cc/en/register?ref=MY7U79AS"><strong>Binance.com</strong></a> as the best , most reliable and biggest cryptocurrency exchange on the market.</p>

			</div>


Cryptollic

AstroSwap Launched Today – Will ASTRO Do Another 200x?

<div id="content"><div><div><div id="primary"><div><div><div><p><strong><em>Cardano just got its first DEX, but despite the hype, the user experience has proven to be less than stellar.</em></strong></p><p>Since its launch on January 20, SundaeSwap has clocked in impressive usage statistics, as thousands of users flocked to the platform to be among the first to trade their ADA and Cardano-based tokens on-chain.</p><p>However, the vast majority of users encountered one of a variety of issues when using the platforms &mdash; one of the most common of which is the &#8203;&#8203;&rdquo;Mempool full, retry later&rdquo; error. This is down to the limited size of the Cardano mempool, which currently sits at 128 KB.</p><p>Later network parameter changes are set to alleviate some of this congestion by increasing the network throughput &mdash; such as by increasing the memory of the Plutus Platform (Cardano&rsquo;s smart contract platform) in an upcoming January 25 upgrade. But it remains unclear whether this will be sufficient to help it process the abnormally high load.</p><p>Despite there now being more than 2.5 million Cardano wallets, and with close to 200,000 on-chain transactions per day (and growing fast), these users still don&rsquo;t have a reliable way to trade their native ADA without relying on centralized platforms.</p><p><img loading="lazy" src="https://bitcoinist.com/wp-content/uploads/2022/01/Picture21.png" alt="" width="624" height="287"></p><p><em>Image courtesy: Messari</em></p><p>Now, with more than 2,000 applications waiting to deploy on the Cardano mainnet, the problem could be set from bad to worse.</p><p>A number of platforms have emerged in recent months to help pick up the slack, many of which focus on delivering an intuitive cross-chain trading experience. But despite the rapid growth of cross-chain exchanges, few have opted to support the Cardano ecosystem due to a general lack of bridge options.</p><p>But hope looks to be on the horizon as AstroSwap is set to become one of the very few cryptocurrency exchanges that specifically cater to Cardano users. Although the platform is being built on Velas &mdash; a high-speed Solana fork &mdash; it&rsquo;ll make use of a novel solution to allow traders to swap synthetic Cardano on the platform.</p><p lang="en" dir="ltr">Just imagine a Cardano DEX with rapid swap speeds and unparalleled low transactions fees, wouldn&rsquo;t that be something.&#129300;&#129300;</p><p>An astronaut can wonder, can&rsquo;t he?</p><p>&mdash; Astro Yuri (@AstroYuri1) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/AstroYuri1/status/1484519527987699715?ref_src=twsrc%5Etfw">January 21, 2022</a></p><p>Unlike SundaeSwap, which requires users to use a Cardano-specific wallet, such as Nami, AstroSwap supports the popular MetaMask client, ensuring there is essentially no learning curve. In line with the clear cross-chain trajectory, the blockchain market appears headed in, the platform aims to provide a seamless experience for asset swaps.</p><p>Other platforms are also gearing up to share the load, including the upcoming Ravendex platform. Though the DEX is also built on the Cardano blockchain, it will likely be the first to include a cross-chain bridge, helping projects migrate their assets from Ethereum to Cardano.</p><p>But it may suffer the same challenges as SundaeSwap if Cardano cannot increase its throughput relatively quickly.</p><p>Though it is clear that there is a huge amount of demand for on-chain trading on Cardano, the technology seemingly isn&rsquo;t yet up to par. As a result, cross-chain DEXes will likely continue to muscle in on the Cardano trader base and may end up succeeding where native DEXes failed.</p><p>Nonetheless, we must remember that the blockchain and DeFi landscape is a largely iterative medium. Roadblocks, hurdles, and setbacks are all part of the process toward building back stronger. It wouldn&rsquo;t be as fun if it were always smooth sailing.</p><p>We either win, or we learn. And that&rsquo;s why we always move forward.</p>Photo by Quantitatives.io on Unsplash</div><p>Source: https://bitcoinist.com/cardano-dex-pangs-and-growing-pains/</p><div> <br><div id="erdyt-61ee94db4241b" data-id="61ee94db4241b"><div><p><img src="https://i.ytimg.com/vi/PwZOeF_k4rE/hqdefault.jpg" alt="YouTube video"></p></div></div></div></div></div><h2>Post navigation</h2></div></div></div></div>


AstroSwap ($)

AstroSwap is the first interstellar DEX, built for the Cardano ecosystem.

Related Projects

FANANCE CLUB

DOEX

ADA Finance

Featured News