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Сardano's AdaSwap Goes Live on Mainnet

Mon, 11/28/2022 - 19:38
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Alex Dovbnya
The Cardano-focused project, which was been endorsed by “Wonder Woman” star Gal Gadot, has launched on the mainnet
Сardano's AdaSwap Goes Live on Mainnet
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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.Today, the 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. 

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As reported by U.Today, the 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 DefiLlama, decentralized 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. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at