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Сardano's AdaSwap Goes Live in Public Testnet

Wed, 06/29/2022 - 16:13
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Vladislav Sopov
AdaSwap, crucial infrastructure service for Cardano (ADA) DeFi ecosystem, invites Web3 enthusiasts for testing
Сardano's AdaSwap Goes Live in Public Testnet
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The testnet launch of AdaSwap, a platform for building decentralized finance applications on Cardano (ADA), is poised to unlock new opportunities for Web3 businesses on the largest Proof-of-Stake (PoS) network.

AdaSwap platform goes live in public testnet

According to the official announcement shared by the AdaSwap team, its instruments are now available in public testnet. The protocol backs one of the first decentralized cryptocurrency exchanges (DEXes) of the Cardano (ADA) ecosystem.

AdaSwap is also the first decentralized application ecosystem built on the top of Milkomeda, a second-layer solution for Cardano (ADA) blockchain.

As such, it leverages a fully EVM-compatible Cardano-based environment. With this release, the total value locked (TVL) on the Milkomeda platform exceeds $36 million.

AdaSwap CEO Itai Levi is excited by the latest accomplishment of his team and highlights its importance for Cardano's entire ecosystem:

Deploying on Milkomeda has allowed Adaswap to deploy at a rapid pace and bring lightning-fast usability to our DEX for Cardano native assets. We can't wait for our community to explore these new opportunities and bring a new wave of liquidity to the Cardano DeFi ecosystem. We're also looking forward to the blockchain interoperability benefits that Milkomeda will offer.

Building next generation of Cardano's DeFi

Endorsed by award-winning actress Gal Gadot and backed by VC heavyweights from Shima Capital, AdaSwap is set to change the narrative in noncustodial exchange of Cardano-based assets.

As covered by U.Today previously, AdaSwap made headlines in March 2022 as it released a cutting-edge digital collectibles marketplace on Cardano (ADA).

AdaSwap (ASW) Releases NFT Marketplace on Cardano with Novel Voting System

The protocol's ecosystem leverages ASW as its core native utility and governance asset.

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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 (, Monoreto, Attic Lab etc.)