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TheCurrencyAnalytics

12/06/2021

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SundaeSwap will launch their DEX on the Cardano TestNet launch

Catch up on the latest crypto market news at The Currency Analytics. Input Output Expressed:  Later today, SundaeSwap will launch their DEX on the Cardano TestNet launch. We’re expecting a huge amount… The post SundaeSwap will launch their DEX...

SundaeSwap will launch their DEX on the Cardano TestNet launch

Input Output Expressed:  Later today, SundaeSwap will launch their DEX on the Cardano TestNet launch. We’re expecting a huge amount of interest in this highly-anticipated event, and lots of activity. This is why we are collaborating. Because we’re looking to learn a lot, too.

The test is intended to put the network under high throughput so we can monitor and analyse the current network parameter settings. As a user, expect congestion on the testnet. This will be a sign that we are getting the traffic volume we want/need to properly assess.

And expect bugs in the DEX. The Sundaeswap team is encouraging you to find some. Remember this is early DApp software, and it’s still early days for Defi on Cardano. Testnets are a key part of iterating & improving the experience.

As we also recently wrote about, we’re going to gradually adjust and optimize network settings – steadily, surely, safely, securely – for the rising demand that DeFi will bring over the weeks and months ahead.

Cardano is parameterizable, designed with flexibility in mind, built on a solid, highly resilient core platform. We’ve plenty of headroom for L1 growth. But we will take things slowly and carefully. And get things right. This is and will remain central to our approach.

So back to the SundaeSwap testnet launch. Both the IOG and SundaeSwap teams want your feedback on the DEX experience, so we can iterate and improve it in good time for the full mainnet launch.

By joining in and sharing your constructive feedback on the testnet, you are helping us make the overall experience slicker and smoother, ready for primetime.

Good luck & have fun. Oh and ignore any FUD. There will be bugs. There will be congestion. We’re pushing the network hard. But this is what a testnet is for. And an essential part of our ongoing journey. We’ll report back after the weekend. See you on the other side.

Community Response:  We expect the same interest, publicity and prominence for the other cardano DEX.

ADA is doing good the price Omg.

The price will go up by $3-$5 by EOY. $8-$10 between Jan-May 2022. $200 between Oct-Dec 2022. Only Few understand this! Just don’t mind those unbelievers and Fuders.

It is funny because only few understand Charles. Again, sooner or later Cardano will be the number 1.  I know it is unbelievable for you to think that Cardano will go $200 or more by 2022 EOY.  Just enjoy when that happen. Congrats in advance.

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