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Cardano's Flagship DEX Sundaeswap Performs Swaps in Less Than One Minute

Fri, 03/04/2022 - 13:58
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Vladislav Sopov
SundaeSwap, one of the first DeFi protocols on Cardano (ADA) blockchain, becomes really fast
Cardano's Flagship DEX Sundaeswap Performs Swaps in Less Than One Minute
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Cardano's supporters on Crypto Twitter are sharing their experience using Sundaeswap (SUNDAE), its flagship decentralized finance (DeFi) ecosystem.

Sundaeswap (SUNDAE) now allows users to exchange assets in less than a minute: user

Anonymous Cardano (ADA) enthusiast and staking pool operator who goes by @Swag_Stakepool on Twitter is fascinated by the speed of exchange demonstrated by the Sundaeswap (SUNDAE) exchange module.

As per his estimations, on average, Sundaeswap (SUNDAE) handles cross-asset swaps in less than one minute. This period can be compared to Ethereum-based and BSC-based top-tier DEXes Uniswap (UNI) and Pancakeswap (CAKE).

He also mocked the skepticism of Cardano's crticics who predicted that Cardano's DeFi ecosystem would not get rid of the troubles it faced upon smart contracts launch.

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As covered by U.Today previously, Cardano (ADA) skeptics repeatedly announced that due to the limitations of its EUTXO model, it will not be powerful enough to host modern DeFi infrastructure.

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Sundaeswap (SUNDAE) is one of the earliest DeFi protocols in Cardano's ecosystem. It boasts a cross-asset swap module, yield farming instruments and other DeFi tools.

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On Feb. 14, 2022, it smashed through a major milestone: its net volume of assets locked exceeded $100 million.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)