Сardano’s AdaSwap Goes Live on Mainnet

Сardano's AdaSwap Goes Live on Mainnet

article image

Alex Dovbnya

The Cardano-focused project, which was been endorsed by “Wonder Woman” star Gal Gadot, has launched on the mainnet

Adaswap, the ecosystem builder facilitating one of the first decentralized exchanges on the Cardano blockchain, has gone live on the mainnet, according to a Monday announcement.

As reported by U.Todaythe testnet version of the platform was launched in June.

AdaSwap was one of the first projects to launch on top of the Milkomedia Network, a novel protocol that brings EVM capabilities to blockchains of the likes of Cardano.

As reported by U.Todaythe decentralized exchange was endorsed by “Wonder Woman” star Gal Gadot. The Israeli actress said that it was an “exciting” investment opportunity. The project has also secured backing from several prominent VC firms, including Finova Capital and Banter Capital.

Cardano’s TVL plunges

According to data provided by defillamadecentralized exchange Minswap remains the top decentralized exchange by total value locked.

Cardano’s TVL has collapsed from a 2022 peak of $326 million in March to just $56 million as of today.

Still, Cardano (ADA) remains the ninth-biggest cryptocurrency by total market capitalization.

Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.

Source link .

%d bloggers like this: