🚀 Minswap, Cardano's largest DEX, sees a surge in activity after several months of silence! According to DappRadar, Minswap's unique active wallets (UAW) and transaction count rose 89.85% and 63.05% in the last 7 days. Volume also rose 16% in the same period.
📈 This spike occurred on September 24, when DEX volume jumped to $6.86 million. On the same day, UAW rose above 5.4k and the number of transactions reached 35.96k.
🤔 Will this increase the price of Minswap's MIN token? This token generates value from use of the platform and is used as a governance token.
🎉 This spike coincided with the launch of the ADA/JPG trading pair on DEX. The last time it spiked was in May, when all three metrics hit new record highs.
💪 Minswap remains the king of liquidity in Cardano DeFi, with total value locked (TVL) of around $50 million and dominance of over 32%. However, these numbers are falling, and TVL is currently around $40 million.
Come on, discuss in the comments column! Are you optimistic about the future of Minswap and Cardano? 😄
📈 This spike occurred on September 24, when DEX volume jumped to $6.86 million. On the same day, UAW rose above 5.4k and the number of transactions reached 35.96k.
🤔 Will this increase the price of Minswap's MIN token? This token generates value from use of the platform and is used as a governance token.
🎉 This spike coincided with the launch of the ADA/JPG trading pair on DEX. The last time it spiked was in May, when all three metrics hit new record highs.
💪 Minswap remains the king of liquidity in Cardano DeFi, with total value locked (TVL) of around $50 million and dominance of over 32%. However, these numbers are falling, and TVL is currently around $40 million.
Come on, discuss in the comments column! Are you optimistic about the future of Minswap and Cardano? 😄