Advertisement
AD

Main navigation

Cardano Rockets to Top 10 in DEX Volume With Minswap

Advertisement
Tue, 23/05/2023 - 16:01
Cardano Rockets to Top 10 in DEX Volume With Minswap
Cover image via www.freepik.com
Read U.TODAY on
Google News

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.

Advertisement

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.

Related
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.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD